#ETH/USDT Daily Analytics Update 13th February - Today, I wan | Crypto Forex Signals

#ETH/USDT Daily Analytics Update 13th February

- Today, I want to talk to you about the Ethereum chart.
On the chart we can see the distribution scheme by Waykoff.
We see how the price increased, after which the movement stopped and thus formed a zone of preliminary supply (PSY).
Further, the price rose higher and formed a zone of buying climax (BC).
After that, a large number of traders begin to sell their assets, which led to lower prices and the formation of a zone automatical rally (AR).
Then we see how the price has risen for form a second test, after which Ethereum to decline and break of structure, which is a sign of weakness (SOW).
The price begin to rise again and formed a zone (UT) upthrust, which is a trap for little-informed players who have started the purchase then the price fall and collected a stop loss this traders.
The price begin to rise again and created zone (UTAD) upthrust after distribution, forming another trap for poorly informed players.
Later we see the price testing the zone (UTAD) and begin to decline forming last point of supply (LPSY).
Now the price is below the last zone (SOW) and can continue to fall.
So I decided to set 2 goals.
First goal I set at level $1435, second goal I set at level $1385.
This is my opinion, I really hope it will be useful for you.
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL

https://www.tradingview.com/x/AqUnyz6h/