30min chart ETH analysis
Updated
ETH was quite bullish for the last week into christmas, I think that a lot of people bought the christmas rally end of year hype. It clearly shows it on the chart, a parabolic move up and breaking the upper trendline of the channel but rejected hard for now. It looks like a blow off top and we might get back to the trend start to shake out the mini-euphoria rally buyers.
It will probably dump in a day or two.
This chart gets invalidated if we get back above 146-ish
It will probably dump in a day or two.
This chart gets invalidated if we get back above 146-ish
Trade active
Short entry at 136 got filledTrade closed manually
closed short @ 123, may reshort higher
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