ETH WILL SURVIVE THE $1K SUPPORT? OR WILL MERGE KILL THE HYPE?
Check out the trade plan for ETH today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
👉🏻ETH on Descending channel with a big wave impulse formed.
👉🏻Very clearly ETH completed its 4th impulse and running the 5th at the moment.
👉🏻ETH formed a bear flag and brought more possibilities for the bear trend to continue.
👉🏻We can still hope for a bullish reversal on the support formed close to $1000 on the chart with an expectation of repeating the history itself.
👉🏻By any chance if the bear flag and the key support confirm a bearish breakout on the following levels then we will see deep lows close to 300-400 area.
👉🏻We have seen a significant amount of buying pressure appear and formed close to the key supported area.
👉🏻ETH on Descending channel with a big wave impulse formed.
👉🏻Very clearly ETH completed its 4th impulse and running the 5th at the moment.
👉🏻ETH formed a bear flag and brought more possibilities for the bear trend to continue.
👉🏻We can still hope for a bullish reversal on the support formed close to $1000 on the chart with an expectation of repeating the history itself.
👉🏻By any chance if the bear flag and the key support confirm a bearish breakout on the following levels then we will see deep lows close to 300-400 area.
👉🏻We have seen a significant amount of buying pressure appear and formed close to the key supported area.