SWAP May 17 TA (quick update)
May 17, 2021
In this post I would like to share with you what I think of the current PA, S/R zones etc.
Price failed to break the top of the channel and now it broke the median.
Also that would mean getting close to SWAPETH critical support. So as you can see quite a lot of confluence in the $1.5 — $1.6 range.
Indicators
I will take a look at them if price reach that support level.
Conclusion
Overall crypto market structure is bearish, so be cautious. BTC should hold the key support around 38–40k to be looking for buys at all.
This is not financial advice.
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