Hello, Cryptoenthusiast..
Some of analysiz on Ethereum.
As per weekly timeframe bearish formation is formed but you can see a huge support zone below of psychological number 1400 and also following trendline from where price had bounced twice. Also be careful selling is from top of Trendline may some sellers can book their profit can cause to big momentum.
On daily Timeframe should wait for a trendline breakdown with weak selling can lead to massive up movement.
With proper Risk Management don't trade blindly cause in battle of heavy selling and heavy buying of institution lead to more doji candles. Don't sell in panic selling anytime hitting support lead to massive pumps.
Major entry points
1. Above previous selling zone : 1574.
2. After breakout of daily trendline : 1600.
3. Buying at 1480,1370 major supports.
Possible Targets
1. 1729
2. 1830
Major Selling zone is below 1300
Disclaimer :- This is for Educational purpose. We are not Financial Advisor. Trade with proper Risk Management as per your Money management.
