Altsignals

ETHEREUM - Deeper Correction For A Bigger Move

BINANCE:ETHUSDT   Ethereum / TetherUS
The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and the 100EMA. Previously, ETH tested the major trendline and 100EMA multiple times and rejected it every time.

For confirmation that the correction has ended, watch the descending trendline for a breakout.
Comment: Ethereum Update:

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Comments

foolish .Deeper correct means Weakness
+11 Reply
Everyone could draw the trenline😂
+7 Reply
BelgiumBagel erikonas822
@erikonas822, anyone can be useless like you and comment rubbish😂
+7 Reply
erikonas822 BelgiumBagel
@BelgiumBagel, Why useless?)First your reaction shows everything )) i just want professionals to give the advice for people not amateur who could just draw one trendline and thinks he is a trader))
Reply
BelgiumBagel erikonas822
@erikonas822, useless comment becoz it’s not just 1 trendline. Look at the overall price n how it reacted n see the explanation on the chart
+5 Reply
First,I did not say it's 1 trendline. Also I just see nothing really which would help me. I think thats the main reason , to help people to make decisions. I am not saying you doing bad think . I just wish you to improve your analysis.
Reply
@erikonas822 because noobies like you only rely on other people analysis. It just an idea. If u think otherwise just ignored it. Rubbish
+2 Reply
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