As consistent with the present trading range, supply still dominates. The last effort by demand volume was unable to re-take TSA (range support) from a 1.272% Fibonacci retracement bounce. This indicates the bears are in still in full control, with the next leg down estimated to reach the 12.5-13K zone. I will continue to monitor the volume spread analysis as this plays out, with a report on Ethereum's price action to follow. Until then, and as always, please trade safely and make the most of these fire sale opportunities.
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with high win ratios (80-85% average). I trade fulltime and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR and trade at your own risk.
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with high win ratios (80-85% average). I trade fulltime and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR and trade at your own risk.
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