ETH out of fuel. When to enter short?
If we look at ETH we may see that it rose 75% in the last month. For TOP-1 Altcoin that's a lot.
A lot of people asking where the end to that bullrun may be and I think we are really close.
Usually, bullish momentum happens fast and with huge volume. Price stops and reverses when volume starts falling. As volume is an indicator that people who were pushing the coin are exhausted. Right now we are at this point.
There 2 scenarios how it can go from here:
1. There will be correction. We will squeeze to the trendline and breakdown. I think it's likely. Best if we see stoplosses of bears hunted first
2. We form accumulation zone until people who were pushing ETH up at the start collect position huge enough to go on with their bullish plan.
I am not saying that the bullrun is over but healthy rise always needs a decent pullback.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
A lot of people asking where the end to that bullrun may be and I think we are really close.
Usually, bullish momentum happens fast and with huge volume. Price stops and reverses when volume starts falling. As volume is an indicator that people who were pushing the coin are exhausted. Right now we are at this point.
There 2 scenarios how it can go from here:
1. There will be correction. We will squeeze to the trendline and breakdown. I think it's likely. Best if we see stoplosses of bears hunted first
2. We form accumulation zone until people who were pushing ETH up at the start collect position huge enough to go on with their bullish plan.
I am not saying that the bullrun is over but healthy rise always needs a decent pullback.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
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