InvestMate 💲 Ethereum Declines Ahead 💲

5 Şub 2023

💲 Ethereum Declines Ahead

💲 Nearest strong support zone: around the fibo 0.5 level of the downward wave.

💲 Nearest strong resistance zone: around recent peaks.

💲 Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Downtrend

📊 RSI: Uptrend

💲 Ethereum, like Bitcoin and the rest of the key cryptocurrencies, struggled to generate a new upward momentum that could take us to higher levels. Which ultimately contributed to declines that I believe could turn into a larger downward correction. All thanks to the withdrawal of investors from assets with a higher risk profile in fear of further increases in the US dollar. In my opinion, this is just the beginning of declines that could last up to a week or two.

📉 The scenario I'm playing out is to wait for the end of the downward correction to join the continuation of the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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6 Şub 2023

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