FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
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FxWirePro- Woodies Pivot(Major) 
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Double top $1300
Potential Reversal Zone- $832
Key Highlights
ETHUSD declined more than $500 after forming a double top around $1310. The pair formed a bottom around $1074 after the collapse of the FTX exchange. It hits a low of $1219.50 and currently trading around $1225.60.
It is trading well below the 4-hour Ichimoku Kumo cloud confirming the minor weak trend.
Major support - $1200. Any violation below this level confirms intraday weakness. A dip till $1070/$880/$830.
The pair holds below Tenken-Sen ($1248) and Kijun-Sen ($1262). Tenken-Sen crosses above Kijun-Sen in the daily chart show bulls are in control and better to wait and go short.
A short-term trend reversal may happen if Ethereum closes above $1310. A jump to $1375/ $1450/$1676 is possible.
Indicators (4-hour chart)
RSI- uptrend (above 35)
It is good to buy on dips around $1000 with SL around $800 for TP of $2000
Resistance
R1- $1310
R2- $1375
R3- $1450
Support
S1- $1200
S2- $1070
S3- $830
