Today's sell-off is not as intense as the one we had two days ago, although you can feel that the market is scared.
With this signal I'm not making a prediction that ETH will fall. This is about the potential area of reversal in case that ETH will fall if we get another market capitulation like Wednesday.
The $2000 area is right at the bottom of Wednesday's wick, plus it touches the 2021 channel support. Let's hope that we're going to see some more bullish action very soon!
Happy trading!
With this signal I'm not making a prediction that ETH will fall. This is about the potential area of reversal in case that ETH will fall if we get another market capitulation like Wednesday.
The $2000 area is right at the bottom of Wednesday's wick, plus it touches the 2021 channel support. Let's hope that we're going to see some more bullish action very soon!
Happy trading!
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