$ETHThe $2,548–$2,119 range is the order block zone. Within the order block zone, it held the $2,262 support. There’s still a chance, but I don’t think this zone will be the right shoulder anymore. I have strong reasons for that, in my view. Does that matter? If this zone were the right shoulder, the recovery to the upside would be fairly quick. Since this zone has evolved into the head, the consolidation period has now gotten longer. How it forms the head depends on BTC and the geopolitical situation. It can be shallow, deep, or equal. It varies. $2.040 and $1.674 are the next supports below.Unfortunately, the setup doesn’t look good
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$ETHThe $2,548–$2,119 range is the order block zone. Within the order block zone, it held the $2,262 support. There’s still a chance, but I don’t think this zone will be the right shoulder anymore. I have strong reasons for that, in my view. Does that matter? If this zone were the right shoulder, the recovery to the upside would be fairly quick. Since this zone has evolved into the head, the consolidation period has now gotten longer. How it forms the head depends on BTC and the geopolitical situation. It can be shallow, deep, or equal. It varies. $2.040 and $1.674 are the next supports below.Unfortunately, the setup doesn’t look good