ETHEREUM ETH PRICE PREDICTION TECHNICAL ANALYSIS NEWS TODAY 2023
The guy is right here we were looking for that short and to continue looking for the shorts because with news we tend to see volume come into the market, everyone looks for the same sort area of support and we see that Cascade happen you can see that right now we did see a retest of the 1787 low I mentioned to you guys on this level to be looking to take your profits on the shorts
The number one thing of course that we have to keep in mind is in yesterday's update mentioned the fact that if we lose 1884 be ready for some life-changing-shorting opportunities because this is a very strong daily support you can see since we broke below that level it was extremely easy to spot this m formation or even a bar formation however you want to look at it and once that level was broken we saw a massive continuation even here on the daily time frame you can see of course the fact that the 1911 was a major resistance point I mentioned in yesterday's post as well that if that level were to break only then we are looking for that short squeeze opportunity otherwise we are still in consolidation looking for those scallops
you can see that now we have a directional move of Ethereum and our main target of 1715 remains looking at the previous price analysis you can see that this level of course was extremely choppy but this main area of support at 1715 was still hit
This is why I've been mentioning for the past few weeks that pay attention to the 1787 level if that level were to break we are looking for a much stronger continuation but with the Binance news of course this area is being manipulated as of right now which is why I'm waiting for a possible retest on 1839 grabbing that liquidity and then a stronger continuation overall all we have to do is pay attention to this 1839 resistance if this level does turn into resistance and continue looking for those shorts but wait until the candle closes because looking at Ethereum as of right now we are in extreme oversold conditions but that's pretty much all I have for you guys today as always if you do enjoy my post
