ETH Graph

11 June My Technical Analysis

By Perfectionist25 | Tech. Analysis | 11 Jun 2022


$ETH
We have touched the level of 1700 USD, as long as the reaction from here remains weak, we can descend below the 1700s and into a very dangerous zone, but 1700 is very important because the 500-day neckline of ETH passes here.

If the 1700s are lost, we will be looking at the 1400-1100 numbers that I mentioned in the macro analysis before, but the loss here should be permanent, that is, it should be in the form of a weekly close and next week, in a downward format. If it loses and then regains, then it turns into a short squeeze.

BTC Graph

Since $BTC is a very narrow band, it is obviously difficult to make or find profitable trades, but the setup I gave yesterday did not work badly. At least, they didn't surprise me by throwing them over 30.6. In general, the struggling side was support, that is, around 30K, and with the closings below, 29.4 in the morning and just after CPI, it fell below around 29.1. ✅

MANA Graph

We gave the final analysis of $MANA on June 1st. My expectation was that if the weekly close does not come above 1.07, the bottoms will remain weak and it will go down to around 0.79 and then around 0.59.

Dropped around 1.06 -> 0.81 (25%;).

There is support around 0.79, there may be a reaction here, if the weekly close is below this, we will look around 0.59.

SAND Graph

We said that if $SAND fails to close above 1.53, 0.95 and 0.57 can be considered as the next bearish targets.

1.40 -> 1.06 (24%)

There is support around 0.97, if there is no reaction here and a weekly close occurs below 0.57 in the coming weeks.

DOT Graph

We said that if there is a weekly close below $DOT 10.37, we can look at 7.30/7.16 and 5.89.

10.33 -> 8.03 (24%)

Here, around 7.30/7.16, the first support is available, especially in the weekly closings, 5.89 is looked at.
If there is a reaction around 7.30, it will be checked whether it will be rejected at 8.50.


Good luck with,

It is not investment advice.

Graph Source: Tradingview

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