ETH 2400 - 2000
So ETH broke down. Send it lower.
Found some interesting areas of interest using the OHL (open, high, low) this year and previous years.
There is a strong interest zone between 2400 and 2000. Found lots of confluence.
Yearly open marked by red line with the yearly highs and lows marked in black.
1. Yearly open at 2282
2. Yearly low at 2095
3. 2023 yearly high at 2447
4. April 2023 high point (orange arrow) similar point to the yearly low at 2095
5. Price coming below the 200d MA and 52W ma
6. Aug - Oct timeframe seasonality
7. Similar chart setup as last year
I'm not an ETH bull anymore but I think this chart here shows a good longer term setup. The 4th year in the cycle is typically the strongest and I expect this time to NOT be different.
Can also see how the 2022 yearly high and open at 3800 act as strong resistance thus far in 2024.
They're really gonna let us run it back again muahaha.
Found some interesting areas of interest using the OHL (open, high, low) this year and previous years.
There is a strong interest zone between 2400 and 2000. Found lots of confluence.
Yearly open marked by red line with the yearly highs and lows marked in black.
1. Yearly open at 2282
2. Yearly low at 2095
3. 2023 yearly high at 2447
4. April 2023 high point (orange arrow) similar point to the yearly low at 2095
5. Price coming below the 200d MA and 52W ma
6. Aug - Oct timeframe seasonality
7. Similar chart setup as last year
I'm not an ETH bull anymore but I think this chart here shows a good longer term setup. The 4th year in the cycle is typically the strongest and I expect this time to NOT be different.
Can also see how the 2022 yearly high and open at 3800 act as strong resistance thus far in 2024.
They're really gonna let us run it back again muahaha.
Not
Strong buy pressure
Feragatname
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