Ethereum, after we broke that straight line support, as I had said on 7/12/2021. I said that I was likely to see the price of the asset devalue, because when we have an impulsive movement, there is a correction, as charles down said. Now we see a pattern of continued decline (Cup And Handle Complexo) giving continuity of the asset's decline. target of this drop will put the price at 1773.62. Exactly a price REGION where bulls tend to hold the price. Probably when we get to this region we will see the price halfway to the side or a possible bearish flag giving the fall even more continuity. And of course, for this to happen, we have to have confirmation of price break 2111.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
