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Ethereum Update 11-12-2022ETH is rising and could target a strong bullish wave above the $1310-1350 resistance zone  . O...
11/12/2022

Ethereum Update 11-12-2022

ETH is rising and could target a strong bullish wave above the $1310-1350 resistance zone . On 2h timeframe there`s triangle formation for local uptrend with support line 1250 and resistance area 1290 and strong resistance of downward trend at 1310 . Eth movement is quiet slow but on 2h time eth is taking support on 100ma to 400ma . and bullish cross over of 200ma and 400ma occurs which is strong sign of trend reversal for shorter time period . 1250 is the strong support of ethereum . if you are in ethereum or planning a new swing then stoploss below 1250 with targets 1290 , 1305 and 1350 is valid

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Market UpdateSince a month, BTC has been moving sideways with no volume between the 18K and 16K range, but on the 1H tim...
11/12/2022

Market Update

Since a month, BTC has been moving sideways with no volume between the 18K and 16K range, but on the 1H time frame, we can see a clear uptrend wave following the HH and HL pattern.

The 17k area will now act as a strong support for the expected next upward impulse towards the 18k area, which is our critical area, and the market must overcome this area to confirm that a long term bearish rally has ended and the market will resume its upward momentum.

The strong area is 16600, which should be the stop loss for this long swing hourly closing with good volume below this will invalidate this HH and HL pattern.

Market There are currently 17K, 16.6K, and 15.9K supply areas.

17.5k, 18k, and 19.8k are strong resistance levels.
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09/09/2022

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