ETHUSD Futures (ETHUSD3 ), H4 Potential for Bearish Drop
Title: ETHUSD Futures (ETHUSD3 ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1725.81
Pivot: 1631.33
Support: 1353.54
Preferred case: Looking at the H4 chart, my overall bias for ETHUSD3 is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the overlap support at 1353.54.
Alternative scenario: Price may head back up towards the resistance at 1725.81, where the previous swing high is.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 1725.81
Pivot: 1631.33
Support: 1353.54
Preferred case: Looking at the H4 chart, my overall bias for ETHUSD3 is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the overlap support at 1353.54.
Alternative scenario: Price may head back up towards the resistance at 1725.81, where the previous swing high is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.