Hi dear traders
According to the aforementioned weekly analysis, the bearish scenario and the set target are still valid.
You also saw that we made a profit ๐ in pullbacks.
Full details are given in ETH weekly analysis.
But today we want to check the movement of ETH in daily time.
After the seller's stop was hit, the price of ETH experienced a sharp drop with a few days of neutral movement and suffering. This drop was expected to happen after the hunt for higher liquidity. But now it has confirmed the decline with the failure of the previous lows, and in If the price reaches the purple box again, we will expect more fall.
These sudden upward movements can be considered as a bull trap.
Our stop is still valid on weekly time and we are also taking profit step by step on pullbacks.
This is our scenario for moving ETH.
I hope ๐it's useful for you.
Good luck ๐
According to the aforementioned weekly analysis, the bearish scenario and the set target are still valid.
You also saw that we made a profit ๐ in pullbacks.
Full details are given in ETH weekly analysis.
But today we want to check the movement of ETH in daily time.
After the seller's stop was hit, the price of ETH experienced a sharp drop with a few days of neutral movement and suffering. This drop was expected to happen after the hunt for higher liquidity. But now it has confirmed the decline with the failure of the previous lows, and in If the price reaches the purple box again, we will expect more fall.
These sudden upward movements can be considered as a bull trap.
Our stop is still valid on weekly time and we are also taking profit step by step on pullbacks.
This is our scenario for moving ETH.
I hope ๐it's useful for you.
Good luck ๐
