ETH/USDT still sitting inside triangle
Hey guys 👋
Let's kick off this day with ETH/USDT pair. Well from last week when we looked at this coin not much changed here to be honest. We still inside this formation (tried to breakout but failed), 200EMA and 100EMA are still below us and RSI with BB don't show any significant change from last week.
We see a slightly bullish movement to occur there currently but our limits for positions remain all the same. We might witness some liquidation wicks there but after all we need to wait out for Powells speech today - maybe he will enlighten us on what's going on the market.
We still think market is overbought and we do wait for bigger correctional movement to happen!!!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Let's kick off this day with ETH/USDT pair. Well from last week when we looked at this coin not much changed here to be honest. We still inside this formation (tried to breakout but failed), 200EMA and 100EMA are still below us and RSI with BB don't show any significant change from last week.
We see a slightly bullish movement to occur there currently but our limits for positions remain all the same. We might witness some liquidation wicks there but after all we need to wait out for Powells speech today - maybe he will enlighten us on what's going on the market.
We still think market is overbought and we do wait for bigger correctional movement to happen!!!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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