Ethereum
Updated

Today, determining the future direction of the market

368
To date, we have passed the middle of the month, and I want to review the market situation. First of all, it is worth noting that the second half of the month opened below 3250 on the air, which gives a signal for new attempts to break 3000. That is, the predominance of altcoin sales remains until the end of the month. Due to this market situation today and tomorrow, there is a high probability of an impulse to 2900. Yesterday's growth wave is only a retest of the last resistance and an opportunity for buyers to exit. Today, statistics on the United States will play an important role. With negative data, it will be possible to hold 3250 until the end of the week, compensate for sales and reach above 3500. With strong statistics, sales are likely to be extremely aggressive and continue into the new week.
Bitcoin opened the second half of the month more positively, above 95k but below 97.5, which so far gives a signal to keep the flat in the range of 92.5 - 97.5 with new attempts to exit above 100k. According to the overall picture, the altcoin dominance index is likely to fall by the end of the month, up to 9% in a negative scenario, in order to maintain bitcoin and open a new month above 100k.
With the continuing negative picture on the market, most altcoins continue to move synchronously with the altcoin index and ether, waiting for further market dynamics to be determined. If 3150-3250 is held on ether and negative statistics for the United States are released today, we can expect new impulses for individual coins as part of an attempt to turn the monthly candle into a bullish one. The most oversold cream pda ast alpaca vidt bifi coins can show good impulses. Pivx slf uft wing pros have also returned to strong supports, which can also give major rebounds. Over the weekend, there is also a high probability of new impulses for coins with the monitoring tag due to the lack of delisting. First of all, the interests of vite and hard.
By default, deletions from binance loans were alerted this week. The binance opportunity is trying to bring down the price in this way.
Trade active
Yesterday, slightly positive statistics were released for the dollar, due to which the smooth bullish trend of the second half of the week continues, increasing the likelihood of a bullish reversal of monthly candles for many coins, similar to bitcoin. If the increase in purchases continues over the weekend, we can expect to take 2500 over the air with an attempt to test 2750. If the current week closes bullish and above 2500, the continuation of purchases is likely on Monday based on the inertia of this week, but then it is worth preparing for a new wave of sales to work out the bearish signals left yesterday.
In the list of coins that I am considering scalping, I forgot to specify troy, which I recommended last weekend. As I mentioned, the target on the 0.0025+ retest has been reached, then there is a fairly high probability of a rebound on the 0.0050-60 retest.
Vib did not give a deeper drawdown, and therefore it may also show an attempt to reach 0.1+ over the weekend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.