ETH is trying to find support at the daily level at 1982 which is in confluence with the fib golden pocket.
If we lose this important level we could see a quick drop to the next daily at 1810 and if we lose that we have the weekly below it.
And with BTC possibly having a bit more downside, this move to the next daily is very likely.
If we bounce we could be looking for a move back to the 2080-2160 which has been respected very nicely on the LTF.
Any questions?
Good luck traders
Remember not to break your rules
Habib
If we lose this important level we could see a quick drop to the next daily at 1810 and if we lose that we have the weekly below it.
And with BTC possibly having a bit more downside, this move to the next daily is very likely.
If we bounce we could be looking for a move back to the 2080-2160 which has been respected very nicely on the LTF.
Any questions?
Good luck traders
Remember not to break your rules
Habib