Hi,
Welcome to this analysis about Ethereum, we are looking at the daily timeframe perspectives. As when looking at my chart we can watch there Ethereum build this massive ascending-channel-formation with the accumulational and distributional ranges recently pulling back heavily from the distributional range after moving a second time into it. Now Ethereum has some good further supports given in the accumulational range ahead however it is highly important to bounce from there and in this case, mark the origin of the wave D otherwise when this does not happen and Ethereum closing below this will lead to increased bearish pressure to the downside and exaggeration as well as protraction of bearishness with bullish invalidation.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Ethereum, we are looking at the daily timeframe perspectives. As when looking at my chart we can watch there Ethereum build this massive ascending-channel-formation with the accumulational and distributional ranges recently pulling back heavily from the distributional range after moving a second time into it. Now Ethereum has some good further supports given in the accumulational range ahead however it is highly important to bounce from there and in this case, mark the origin of the wave D otherwise when this does not happen and Ethereum closing below this will lead to increased bearish pressure to the downside and exaggeration as well as protraction of bearishness with bullish invalidation.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.