#ETH Update
June 6 blueprint hit with absolute precision.
Price collapsed through February lows directly into our primary macro target: the Weekly Order Block (W OB+) at $1,570.59.
So its testing the $1,659 – $1,570 institutional cluster—a direct confluence of the Daily OB+ and Daily RB+ layered right over the macro Weekly floor.
A weekly candle body close below $1,570 opens the floodgates for much deeper drops. Defending this confluence triggers a macro relief bounce.
However If a bounce initiates, clean level-to-level targets are $1,747 - $1,938 - $2,111 – $2,180
Do not catch a falling knife. HTF demand is not an immediate buy signal. Stay patient through macro volatility and wait for a clear lower-timeframe Market Structure Shift (MSS) to confirm smart money deployment.
However I observed Displacement candles in (H4) LTF so keeping an eye on it.
@cryptosignals
Post #7296
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Crypto Signals #ETH Update The bearish drop completely collapsed through the February Lows and hit our main downside target—the Weekly Order Block at $1,570.59 The Make-or-Break Zone: We are sitting directly inside a major institutional buying area. If the weekly candle…
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