On the bigger picture, we can see that the market reacted well to the weekly demand zone at 96$.
WHAT'S NEXT:
1) ETH will reach the last daily supply at 196$:
- Market created a brand new demand zone at 144,70$ where we could find strong buyers.
- The test of this supply is important for the market: A break will lead price to the last weekly supply at 273$.
- A break of this weekly supply will probably lead price to 500$, where we can find monthly supply zones.
2) ETH can't reach the daily supply, starts ranging in the middle of nowhere and drops:
- First main demand will be found at 144,70$.
- A break of this demand will lead price to retest the last weekly demand zone at 96$.
Trade safe,
AT
WHAT'S NEXT:
1) ETH will reach the last daily supply at 196$:
- Market created a brand new demand zone at 144,70$ where we could find strong buyers.
- The test of this supply is important for the market: A break will lead price to the last weekly supply at 273$.
- A break of this weekly supply will probably lead price to 500$, where we can find monthly supply zones.
2) ETH can't reach the daily supply, starts ranging in the middle of nowhere and drops:
- First main demand will be found at 144,70$.
- A break of this demand will lead price to retest the last weekly demand zone at 96$.
Trade safe,
AT