📉 $ETH $: Correction is in full swing! Are we buying or waiting for the second bottom?
The local range couldn't hold, and ETH decided to take us on a nice correction. We're currently trading around $1778, although just last night we were battling for the $1815 level.
On the 1-hour and 4-hour timeframes, it's clear that sellers have taken the initiative, pushing the price down. However, on the daily candlestick chart, the trend is still trying to remain bullish, and right now the main task for buyers is to hold the current positions and prevent the coin from dropping to $1700. If we can hold here, we'll get a great entry point to re-enter long.
💬 Now, here's a question for you, friends:
What are you doing in this situation? Are you starting to scoop up this dip, or are you stashing away stablecoins and waiting for lower prices?
👇 Share your thoughts and goals in the comments, let's discuss! Be sure to like and follow the profile, so you don't miss the next market update!
#ETH #Ethereum #CryptoAnalysis #BinanceSquare
$ETH
The local range couldn't hold, and ETH decided to take us on a nice correction. We're currently trading around $1778, although just last night we were battling for the $1815 level.
On the 1-hour and 4-hour timeframes, it's clear that sellers have taken the initiative, pushing the price down. However, on the daily candlestick chart, the trend is still trying to remain bullish, and right now the main task for buyers is to hold the current positions and prevent the coin from dropping to $1700. If we can hold here, we'll get a great entry point to re-enter long.
💬 Now, here's a question for you, friends:
What are you doing in this situation? Are you starting to scoop up this dip, or are you stashing away stablecoins and waiting for lower prices?
👇 Share your thoughts and goals in the comments, let's discuss! Be sure to like and follow the profile, so you don't miss the next market update!
#ETH #Ethereum #CryptoAnalysis #BinanceSquare
$ETH