ETH already performed a small Distribution Zone, Beware !!!
We can see a dump to $3930.
Reason to dump :
- Price already have selling pressure in two days 26-27 Oct
- Price continue to push new high with low volume, no real buyer, perform a bull trap above Distribution zone. A real signal from whales to sell at highest price.
- Big drop from highest price to support line 3930 with large volume will confirm a Distribution phase.
- Price still can push for another high price, we can see another upthirst candles.
We can see a dump to $3930.
Reason to dump :
- Price already have selling pressure in two days 26-27 Oct
- Price continue to push new high with low volume, no real buyer, perform a bull trap above Distribution zone. A real signal from whales to sell at highest price.
- Big drop from highest price to support line 3930 with large volume will confirm a Distribution phase.
- Price still can push for another high price, we can see another upthirst candles.
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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.
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.