The recent price action of Ethereum (ETH) is raising concerns. After a significant drop from the 0.618 Fibonacci level, it looks like more downside could be in store. What's the forecast? š¤ Based on the current technical analysis, we could see ETH heading towards the 3100$ and 2700$ levels. What should you do? š¤ * Stay Cautious: Given the potential for further downside, it's advisable to exercise caution in your ETH positions. * Consider Shorting: If you're comfortable with shorting, this could be an opportunity to explore short positions with proper risk management. * Monitor Closely: The situation is dynamic, so keep a close eye on the price action and react accordingly. Remember, this is just a technical analysis, and past performance is not indicative of future results. Always do your own research before making any investment decisions. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Cryptocurrencies are highly volatile assets, and investing in them carries significant risks.
Today let's talk about this pair #Ethererum one of most adopted coin after bitcoin. I analyzed this last week, it seems to be playing along with this triangle view. Currently wave C is playing out. About to reach the desired zone. What do you think fam?
Here's a detailed analysis of $ROSE I make earlier on today before this massive push. It appears this pair is completing a B wave and ready to go up on the these current level zone highlighted below. Let's this Unfold
This is an interesting setup for this pair. I believe market is completing a b wave. Market has already reacted to The 0.67 - 0.079 zone. And I'm noticing a repeating pattern head&shoulders. It seems to respect pattern and uses a launch pad taking prices higher. Take care.
Due to immense buying power. This coin broke the trendline resistance confirming complite bullish take over little did it know I had already had a limit setup at 0.299 to the up side.
I'm seeing a pullback to 0.18 - 0.11 area I believe that's where the bulls are. If the market does not break the wedge trendline, a pullback back to that region below is expected. #HBAR #MarketPullback
#ROSE Friends, here's another gem that I strongly šŖ believe is ready to go up. currently trading around 0.08 level I see this push as far as 0.27 level easily. Now thats a x200+ increase. Let's see it unfolds. #MarketPullback
I'm seeing a pullback to 0.18 - 0.11 area I believe that's where the bulls are. If the market does not break the wedge trendline, a pullback back to that region below is expected. #HBAR #MarketPullback
#MarketPullback buying during blood bath will bare exponential returns if you discipline enough and understand the market psychology. people are panicking, some getting liquidated losing hope. In this game you have to be patient. Whats happening now is "They" are shaking out weak hands. Relax brace yourself for whats to come.