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Technical analysis by raresmihalcea2020 about Symbol ETH: Buy recommendation (11/27/2023)

https://sahmeto.com/message/585778

ETH LONG

Buy
Price at Publish Time:
$2,023
Buy،Technical،raresmihalcea2020

I am expecting a bullish move for ETH because on the Weekly chart we have formed liquidity above the equal highs. The price on Weekly reacted for an imbalance and formed a bullish trend. On the 4 Hours chart we can see a change in the structure, reactions from Demand Zones and a flip of a Supply Zone (the mitigation of the supply and then getting liquidated) which is a bullish sign.If the price goes below the 4 Hours Demand and closes below, then we might see a bearish retracement on the weekly to fill more Imbalances.Target Reached

Source Message: TradingView
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