ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF.
RSI's trendline was also broken which increases the probability that prices will continue the down direction.
In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this trade.
Here below is the view in 1W TF:
Handel aktiv:
TP1 $1220 was hit.
Trade stängt manuellt:
BTC and the whole market is strong. Better close trade here and wait for a reactivation later.
Handel aktiv:
Trade reactivated
Trade stängt manuellt:
Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)
specially with MFI (to be confirmed)
Handel aktiv:
BTC is weak although stock has risen.
Trade stängt manuellt:
Trade closed waiting for better entry and condition.
