$ETH - weekly view : update
Who laughed on my charts?? 👀
I warned you around $2450-$2500 that a dumping towards $1600 or lower would occur!
Here we are: -45% ✅😱
Keep it simple: the bearish move is probably not over! 📉
The bearish trend remain strong without sign of reversal yet.
According to my lines, prices could continue to move toward the following supports area:
1100$ - 900$ or even 750$ !!
Key resistances to be break again:
1620$
1700$
1850$
Monitor the downtrend daily. As long as there are no weekly candle close above 1850$, there is no reason to FOMO into long positions! ⚠️
The short term price remain bearish, but a trap to test the 1660$ (Tenkan daily) could be see! If you intend to short, please avoid when it's fully red!
#eth #etherum