🚨ETH USDT🚨
ETH is creating a base (same as BTC) between a 1761-1820. From technical point of view, the price is consolidating, which means there will be bigger movement (usually, when the price is consolidating, its a sign for upcoming big movement). The good sign here is that the price is respecting POC as support (same as BTC). The price retested it few times in a last few days and confirmed it. Current price is sitting at 1806ish, which is potential support level (i didnt marked it, because im waiting for more confirmations on this level). As we can see, the price stopped a movement on this level few days ago (this level was resistance). In general, there isnt major changes in a last few days. RSI is sitting at 49, which is almost neutral. There isnt a divergence overnight. BTC dominance is still sitting at 53.83%. Its possible to see a break down on this level, because BTC D is forming a lower lows (locally). From fundamental point of view, there isnt major changes, except mentioned above.
Volume profile is looking good. There are 2 volume gaps: 1803-1810; 1827-1844; POC is sitting at 1790.
The plan for today: I will wait for retest on current candle close. If the price closes below a 1805-1806ish (which is price action level, as i mentioned above) and rejects it, i will short a market. If the price reclaims it=>long; Another great level to watch for price action is POC. If the price touches it and bounces=>long; If the price closes below it and rejects it=>short
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