$ETH Evening outlook: Nov. 12.
ETH’s triangle has broken down, and it has also fallen below the 2047 support. If it can’t reclaim 2047, it’s headed for 2000. This price action over the past few days has been really frustrating: it can’t go up, but it can’t go down much either. We don’t know what BTC and ETH are waiting for—or what other news is yet to come. ETH needs to get back above 2047 to stop falling. A break above 2097 could kick off an hourly rebound. If you’re looking to go long on ETH, you can wait for it to retest around 2000 and look for a bottoming signal, or wait for it to break above 2047 and go long on the right side. ETH must hold 2000; if it breaks below that level, Fibonacci levels point to around 1956. For this hourly downswing in ETH to rebound, it needs to break above 2146. Only then can the hourly downtrend shift from its current bearish trend to a bullish one.
If ETH breaks above 2058 with strong volume, aggressive traders can go long on the right side. If it breaks below 2037 with strong volume, go short on the right side. Keep an eye on volume and use stop-losses.
If ETH holds above 2058 on the hourly chart, look for 2097–2146.
If it breaks below 2047 on the 4-hour chart, look for 2000–1956.
There’s not much else to say about the other timeframes, since the market has been consolidating for the past few days. ETH spot around 2000 is worth buying, so go ahead and buy spot! Don’t hesitate—you might miss the move up if you’re not paying attention. Don’t assume there’s much further to fall and keep waiting for a lower price to buy spot; constantly chasing lower prices is also a form of greed. That’s all for now.
$ETH
#黄仁勋再被曝与下属婚外情，或遭董事会罢免
ETH’s triangle has broken down, and it has also fallen below the 2047 support. If it can’t reclaim 2047, it’s headed for 2000. This price action over the past few days has been really frustrating: it can’t go up, but it can’t go down much either. We don’t know what BTC and ETH are waiting for—or what other news is yet to come. ETH needs to get back above 2047 to stop falling. A break above 2097 could kick off an hourly rebound. If you’re looking to go long on ETH, you can wait for it to retest around 2000 and look for a bottoming signal, or wait for it to break above 2047 and go long on the right side. ETH must hold 2000; if it breaks below that level, Fibonacci levels point to around 1956. For this hourly downswing in ETH to rebound, it needs to break above 2146. Only then can the hourly downtrend shift from its current bearish trend to a bullish one.
If ETH breaks above 2058 with strong volume, aggressive traders can go long on the right side. If it breaks below 2037 with strong volume, go short on the right side. Keep an eye on volume and use stop-losses.
If ETH holds above 2058 on the hourly chart, look for 2097–2146.
If it breaks below 2047 on the 4-hour chart, look for 2000–1956.
There’s not much else to say about the other timeframes, since the market has been consolidating for the past few days. ETH spot around 2000 is worth buying, so go ahead and buy spot! Don’t hesitate—you might miss the move up if you’re not paying attention. Don’t assume there’s much further to fall and keep waiting for a lower price to buy spot; constantly chasing lower prices is also a form of greed. That’s all for now.
$ETH
#黄仁勋再被曝与下属婚外情，或遭董事会罢免
