ETH Shakeout Pennant

2022년 3월 17일

Traders shake out ETH on the daily as bearish pennant anticipates a breakout continuing a macroscopic downtrend momentum.
Bears pushing power on the MACD with no indication of bulls crossing over, as yet. On the MACD we will need to see bears push towards -283.48 to see some buying action.

Set Alerts: ⏰
🔑 Lvl Support 2560.51
(Current)
🔑 2nd Lvl Support 2379.24
(Possible bounce or break)
🔑 3rd Lvl Support 2162.28
(If broken assume bearish breakout)
🔑 4th Lvl Support 1764.05
(Lowest bounce before resuming bull take-over)

*Please add value in the comments.

2022년 3월 17일

노트

Descending FIB from resistance Lvl 3283.00 ETH shows a perfect bounce off 0.00% on the 24th January before failing to break resistance.
On the 5th Feb bulls reached 88.6% followed by a perfect touch on the 78.60% hanging around the 38.2 & 38.2% before another perfect touch on 61.80% Fib on the 17th March.
Will Bears break the Pennant to 2nd support Lvl 2379.24 over the coming days? 👀
Will we see some bouncing action or a straight drop? Only time will tell.