A little while ago I made an analysis on ETH and the triangle pattern it was trading in. ETH followed the pattern, appeared to break bullish, but then things quickly went south and a huge sell-off followed.
For now, I'm not convinced that we're out of the woods. Bearish momentum seems to be strong and a V-shaped recovery is seemingly not happening yet.
I'm still bullish in the longer term. I'm expecting strong support to be found around the $4200 area, which can trigger a bounce. If this is not the case, expect a major bullish impulse from the $4000 area. Be patient and wait for a big bullish candle to signal the reversal.
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.