EthereumLong
ETHEREUM - DEAD CAT BOUNCE OR MANIPULATION EVENT?
What if this “dead cat bounce” leads to a macro manipulation event that continues the ongoing uptrend? With the current market conditions, it would be highly likely to face these type of scenarios before recovering.
We could expect the price to bounce off the current levels or near the psychological 3k level. This situation would create a macro OB that would be tested to liquidate lured breakout buyers, gathering liquidity and giving rise to the expected move.
What are your thoughts on this one? Let me know!
We could expect the price to bounce off the current levels or near the psychological 3k level. This situation would create a macro OB that would be tested to liquidate lured breakout buyers, gathering liquidity and giving rise to the expected move.
What are your thoughts on this one? Let me know!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.