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Kroumi
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Bearish
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$ETH
can fill the imbalance zone in the 2600-2800 area.
In case of a break below 3k, a further move to 2800 is possible.
In the daily timeframe, there is a pattern of Head and Shoulders, which has the potential to be realized in this area.
There is also the Fibonacci golden ratio, which is a large zone of open interest.
In my opinion, there would be a good price there for opening long-term positions.
What does the public think about Ethereum?
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$ETH in the local picture: Price has bounced back from the resistance zone and successfully tested the imbalance. We have to look at further reactions depending on what Trump says today at the conference in 3 hours. But as usual, I can assume that there will be increased volatility, as a result of which I would like to see the asset rise. So for now there is uncertainty in the market, which a neutral fear and greed indicator can evidence.
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$BTC 1 week and 1 day view: MA50 on the weekly chart is a support for the price and we are still above this line. MA200 on the daily chart shows us a break of this line and a retest from below. I think we will see a better price reaction on the weekly timeframe because this is a good strong psychological zone. So we need to watch for price behaviour in the local picture in the near future. In the extreme case, the 70k level is the ultimate strong resistance zone. Let's see what the market will show us soon. #MarketRebound
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$BTC closed 2 imbalance zones. The CME gap was also closed completely. Now we can wait for the high-profile events for crypto scheduled for March 7. It is already known that Bitcoin will be included in the US reserve, a fundamental decision that will positively impact the price in the long term. This month should prove to be positive and green. #BitcoinReserve
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$PEPE may not make a new high in this cycle and here's why: I realized it's a 5 wave rising and 3 wave falling structure. As you can see, there have already been 5 waves and now comes the 3 wave queue. According to the rules of Elliott waves, 3 waves of correction should not exceed 5 waves of growth, so wave B can not exceed the last top. Therefore, I will be making profits from my coins when wave B is formed. After that, I will wait for a protracted continuation of the correction. #PEPE
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$BTC shows us 3 areas of imbalance: • 82,000 • 78,000 • 73,500 Just between the first and second zones is the open gap in the CME exchange. This level will act as a magnet and beckon the price to itself. At the same time, the level of fear and greed is in the zone of extreme anxiety. People are afraid to do something on the market, which is good. #bitcoin
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