【ETH】 Higher-timeframe chart
This morning, price swept the liquidity on the lower left, and has now reclaimed 2350. The blue line is very important: it coincides with the lower boundary of BTC’s ascending channel. A break below it would confirm a head-and-shoulders breakdown, with more downside likely. This is the bulls’ last line of defense. “As long as price holds above the blue line, the bias remains bullish.”
#BTC #ETH
This morning, price swept the liquidity on the lower left, and has now reclaimed 2350. The blue line is very important: it coincides with the lower boundary of BTC’s ascending channel. A break below it would confirm a head-and-shoulders breakdown, with more downside likely. This is the bulls’ last line of defense. “As long as price holds above the blue line, the bias remains bullish.”
#BTC #ETH