Ethereum has dropped to the same places with the exact same numbers just 10 dollars apart.
This post was published on June 1st!
❄️ Mathematics can search for logic within chaos 💙
A new update for Ethereum $ETH is coming soon.
Good evening 💙 Ethereum's movement $ETH accurately:
It took a long time unfortunately because the immediate direction is unclear. Of course, we know that there is a second wave of rise coming soon, but right now we want the movement in real-time, so this is what I see:
A daily close above 2650 means reaching a new peak. Do we remember when it was published that Ethereum's behavior resembles Bitcoin's behavior when it rose to 88 thousand and then dropped and repeated the same action until it broke through and rose again?!
The area from 2650 to 2750 dollars is called the Premium zone, meaning that every time the currency rises to it, it drops immediately because it is a selling area.
Therefore, a daily close in this area means that it has turned it into a strong support area and will rise to a new peak.
Okay, if you are already in the currency and you see that there hasn’t been a daily close above this number, what’s the solution?! At that time, the stop-loss should be at 2465 dollars because this number has been a rebound point for Ethereum several times.
If this support is broken, it will go to the Discount zones indicated in blue starting from 2454 dollars to 2391 dollars.
Summary of the post: A daily close at 2650 dollars means a rise to a new peak, while if there is no daily close at this number, the currency will drop to the Discount numbers indicated in blue.
❄️ Is the explanation simple, honestly?
It took a long time unfortunately because the immediate direction is unclear. Of course, we know that there is a second wave of rise coming soon, but right now we want the movement in real-time, so this is what I see:
A daily close above 2650 means reaching a new peak. Do we remember when it was published that Ethereum's behavior resembles Bitcoin's behavior when it rose to 88 thousand and then dropped and repeated the same action until it broke through and rose again?!
The area from 2650 to 2750 dollars is called the Premium zone, meaning that every time the currency rises to it, it drops immediately because it is a selling area.
Therefore, a daily close in this area means that it has turned it into a strong support area and will rise to a new peak.
Okay, if you are already in the currency and you see that there hasn’t been a daily close above this number, what’s the solution?! At that time, the stop-loss should be at 2465 dollars because this number has been a rebound point for Ethereum several times.
If this support is broken, it will go to the Discount zones indicated in blue starting from 2454 dollars to 2391 dollars.
Summary of the post: A daily close at 2650 dollars means a rise to a new peak, while if there is no daily close at this number, the currency will drop to the Discount numbers indicated in blue.
❄️ Is the explanation simple, honestly?
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ETH
2,537.5
+2.17%
