Possible short if the resistance is broken after the second hump shows signs of being bear.
Make sure the you break the second support
Forming at feb 15 6am EST
Likely to finish before 6am Feb 16
I can't post images due to reputation sorry. Just make sure to Let it bounce then pass the resistance level before committing. 1776.99 is the current resistance, change it accordingly to the finish. Setting your stop loss is up to your level of risk, I'm not a "professional". If it goes it's going to go quick though with potential to lead a runner. DO NOT GET OVER GREEDY! ETH is in a downtrend temporally but it will snatch back up when it finds hard support due to being so close to an all time high.
Note
Closed: Bearish signs were pumped while the 1800-1802 support tries to form, possibly another correction as the push was successful but we are still looking bearish.Note
Spoke too soon. Right on the dot 6pm it's setting up for that second hump and is bear.Note
1750 and 1700 are key areas for support if 1784.50 is brokeNote
Did anyone go for my original call since it played out exactly to the tee? lolDisclaimer
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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.