ETH ANALYSIS: CONTINUED SHORT UNDER $100
ETH ANALYSIS:
ETH is currently attempting an hourly bearish engulfing. This is also in line with legacy markets looking for a strong dive down today. The relief run up to 130 was quickly turned back down and the buyers dont seem interested until another drop. I am expecting a drop back down to $101.20 at T1, followed by T2 at $96.40, and T3 at $87.87. I expect interest to again spark under 100. A double bottom confirmation near 85 is likely. The recommend stagger short zone is from 105 to 115. Times are VERY volatile right now, and I would recommend using smaller positions with low risk. Eyes on the main target near $87.
ETH is currently attempting an hourly bearish engulfing. This is also in line with legacy markets looking for a strong dive down today. The relief run up to 130 was quickly turned back down and the buyers dont seem interested until another drop. I am expecting a drop back down to $101.20 at T1, followed by T2 at $96.40, and T3 at $87.87. I expect interest to again spark under 100. A double bottom confirmation near 85 is likely. The recommend stagger short zone is from 105 to 115. Times are VERY volatile right now, and I would recommend using smaller positions with low risk. Eyes on the main target near $87.
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.