ETH fake higher highs
ETHUSDTHello everyone.
As we can see :
- Bearish MACD on 4H timeframe
- Reject from ascending channel
- Three drives pattern and a fake higher high
- Helical indicator is neutral now but it doesnt show any range movement or a zone for it !
We dont have enough information to track ETH movement, But we know that many of short positions liquidated because of fake higher high !
And now more long positions are gone for last dump that ETH had.
So it means that coin should being neutral, But we expect a retest on liquidation pool.
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
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