#contratendencia
contratendencia
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$ETH took a nosedive and still isn't showing clear signs of stabilization.
From the peak of 2,464.91, the price plummeted to 1,505.68, a drop of over 38%.
Now it's clawing back, trading at 1,707.87, just below where the 7 and 25 moving averages start to converge.
As long as the price holds above 1,505.68, the current bounce remains alive. But the three moving averages (MA7, MA25, MA99) are still pointing downward, confirming that the larger structure is still bearish.
🎯 1,835.63
🎯 1,984.81
💣 2,154.83 if the momentum supports it
(+confirmations)
Stop loss below 1,505.68. Invalidated if there's a daily close below that level with force.
For now, this looks like a bounce within a larger bearish trend, not a confirmed reversal.
I'm keeping an eye on it. 👀
$ETH
#Ethereum #contratendencia
From the peak of 2,464.91, the price plummeted to 1,505.68, a drop of over 38%.
Now it's clawing back, trading at 1,707.87, just below where the 7 and 25 moving averages start to converge.
As long as the price holds above 1,505.68, the current bounce remains alive. But the three moving averages (MA7, MA25, MA99) are still pointing downward, confirming that the larger structure is still bearish.
🎯 1,835.63
🎯 1,984.81
💣 2,154.83 if the momentum supports it
(+confirmations)
Stop loss below 1,505.68. Invalidated if there's a daily close below that level with force.
For now, this looks like a bounce within a larger bearish trend, not a confirmed reversal.
I'm keeping an eye on it. 👀
$ETH
#Ethereum #contratendencia
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