ETH intraday add-on chart: after being smashed to 2,292 yesterday, it climbed back to 2,324, narrowing the drop to -1.4%.
The position is very delicate — 2,339 overhead is the 99-day moving average, and above that 2,347 is the 7-day moving average. The "fake breakdown qualification review" window I wrote about yesterday is right in front of us within these $8. Today’s candle hasn’t closed yet; it only counts at 8 a.m. tomorrow.
In short: close above 2,339, and yesterday’s breakdown becomes a stop-loss sweep; close at the current level, and the breakdown stands but the bears lack follow-through, with 2 days left in the 3-day window; close below 2,300, and 2,200 is next.
No intraday predictions — wait for the close.
$ETH
(Personal review notes, not investment advice, DYOR)
The position is very delicate — 2,339 overhead is the 99-day moving average, and above that 2,347 is the 7-day moving average. The "fake breakdown qualification review" window I wrote about yesterday is right in front of us within these $8. Today’s candle hasn’t closed yet; it only counts at 8 a.m. tomorrow.
In short: close above 2,339, and yesterday’s breakdown becomes a stop-loss sweep; close at the current level, and the breakdown stands but the bears lack follow-through, with 2 days left in the 3-day window; close below 2,300, and 2,200 is next.
No intraday predictions — wait for the close.
$ETH
(Personal review notes, not investment advice, DYOR)
