ETHUSDT wants to retest the supply zone

2022년 3월 21일

The price got a rejection from the supply zone as I told you in the previous analysis.
On the weekly timeframe, the price created a nice candle below the weekly structure and now the market is testing the 0.382 Fibonacci retracement.

On 4h timeframe, the price is testing the previous resistance as new support on 2800$

For a bullish scenario, the price needs to flip the 3k resistance with volume and confirmations, retest the supply zone as new resistance.
In the short term, we could see a new retest of the weekly area.
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Keep in mind.

🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.

2022년 3월 21일

노트

The price could retest the 3k.

2022년 3월 22일

노트

5% since my call

2022년 3월 22일

노트

the price is testing again the weekly resistance.
I want to see a clear breakout from it! 👀

2022년 3월 24일

노트

6% since my idea, now the price is testing the key level on 3k. We need to see a new breakout from that level and confirmations above it.