ETH, this scenario could be a good buying opportunity

17 янв. 2022 г.All altcoins correlate to bitcoin, so it is worth analyzing bitcoin first and other coins afterward.

At the moment, bitcoin's local trend is downwards. In case of a breakdown of the trend line, the trend is likely to reverse. Until that happens, we cannot say with 100% probability that it is the bottom!

A key level can be identified on the ETH chart. In the event of a price return, compression and breakout, there could be a good buying opportunity. this scenario could be a good buying opportunity.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.