m15: Next target @ 168.00 per Phi EMA 2584.
The last time this EMA was touched was ~1M ago and the market fell 23%. Overcoming this resistance would surely be huge. We should expect to pull in a lot of FOMO buyers there.
If we should assume that Operators are playing ETH bullish, that is the most opportune place to cause panic sellings. Buying below that panic will be the best current entry, I believe.
Drawing a Fib retracement from the Bear Trap at this move's low to the previous touch of the Phi EMA 2584's Bull Trap provides the most likely future major bull trap levels.
The last time this EMA was touched was ~1M ago and the market fell 23%. Overcoming this resistance would surely be huge. We should expect to pull in a lot of FOMO buyers there.
If we should assume that Operators are playing ETH bullish, that is the most opportune place to cause panic sellings. Buying below that panic will be the best current entry, I believe.
Drawing a Fib retracement from the Bear Trap at this move's low to the previous touch of the Phi EMA 2584's Bull Trap provides the most likely future major bull trap levels.
Note
Something like this:Note
FOMO buyers predictably bought into Phi EMA 2584. Now they will panic. Perhaps we lose upwards of 3.5% or even more dramatic. Wait until you see real Operator buying. Downside will be further than you think. No premature buy orders.
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.
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.