The whale story. Opportunity to make profit if you are quick
Updated
Be or not to be? Or in the cryptos world - what is the technical analysis worth when whales decide to party? Yesterday's market took many U-turns due to a handful of traders spoofing the market with 30-150m USD so-called "Pumps and Dumps". It is unclear if it has totally changed the declining pattern of cryptos at the mid-way point. At the time of writing, technical data indicates the possible highs of 1355 and possible lows of 1185. There seems to be unusual support formed at 1220 and if the market manages to break below it again, ETH may drop to 1150.
Note
According to technical data the pattern is switching from Neutral to Long, with a shift of 2 sd to form a new forecasted high at 1410
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.