Market sentiment is starting to shift, and the bulls have once again shattered illusions.
We've currently broken down from the 2300-2385 range, and tonight's ability to rebound thanks to the non-farm payrolls will be crucial. Otherwise, it could be a disastrous start.
Based on today’s conditions, 2281-2303 will be the upgraded oscillation range on the five-minute chart.
This morning's breakdown wasn't very strong, indicating possible divergence.
Overall, Ethereum is indeed too weak, being dragged along by Bitcoin's strength.
As long as we don't break below 2150, I don't foresee another major bearish trend. If you look closely, the market has been oscillating around 2300-2385, which is essentially a fifteen-minute segment.
How to catch this divergence?
If we stand above 2281 but experience a volume surge with oscillation, it could set up a second five-minute rebound to play.
Personally, I suggest we need to return to the range to capture it because the market often completes a volume-driven move in just a few minutes. Every trade is crucial in determining whether your account appreciates, leaving no room for another mistake.
We've currently broken down from the 2300-2385 range, and tonight's ability to rebound thanks to the non-farm payrolls will be crucial. Otherwise, it could be a disastrous start.
Based on today’s conditions, 2281-2303 will be the upgraded oscillation range on the five-minute chart.
This morning's breakdown wasn't very strong, indicating possible divergence.
Overall, Ethereum is indeed too weak, being dragged along by Bitcoin's strength.
As long as we don't break below 2150, I don't foresee another major bearish trend. If you look closely, the market has been oscillating around 2300-2385, which is essentially a fifteen-minute segment.
How to catch this divergence?
If we stand above 2281 but experience a volume surge with oscillation, it could set up a second five-minute rebound to play.
Personally, I suggest we need to return to the range to capture it because the market often completes a volume-driven move in just a few minutes. Every trade is crucial in determining whether your account appreciates, leaving no room for another mistake.