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Good afternoon, the fundamental reasons for the lack of local growth on bitcoin you may have read in the previous post, Ether is not resisting the growing dominance of bitcoin and continues its decline.
Long
To go up, Etherium cannot go below $1310, the local seller's zone is 1369 and 1425, only fixing above 1425 will give us a chance for local growth, anything below this level is SHORT.
Short
The Ether plunges below 1310, after the pullback to 1322, and from there to the local breaks, which probably with each new hike will be lower and lower.
Be patient, trading between the levels is the most risky.
P.S.
In the analysis of the instrument I do not keep to the time-frames, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well and a few more secrets, this material is not a trading recommendation )))
Translated with www.DeepL.com/Translator (free version)
Good afternoon, the fundamental reasons for the lack of local growth on bitcoin you may have read in the previous post, Ether is not resisting the growing dominance of bitcoin and continues its decline.
Long
To go up, Etherium cannot go below $1310, the local seller's zone is 1369 and 1425, only fixing above 1425 will give us a chance for local growth, anything below this level is SHORT.
Short
The Ether plunges below 1310, after the pullback to 1322, and from there to the local breaks, which probably with each new hike will be lower and lower.
Be patient, trading between the levels is the most risky.
P.S.
In the analysis of the instrument I do not keep to the time-frames, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well and a few more secrets, this material is not a trading recommendation )))
Translated with www.DeepL.com/Translator (free version)
Good luck and save your deposits
