Consolidation is always welcome.
Is it time for a healthy correction, or another bear trap? Earning is around the corner? Was it priced-in during a recent bull-run?
Might be people already know Amazon had a great holiday season. The downtrend is looking as expected before earnings from the past. Though not to ignore the fact that Amazon has been running into political trouble which resulted in antirust lawsuits. Let's see if that pressure could break the support line.
It would be "amazoning" for the history to repeat itself.
By no mean this is a financial advice.
Bedtime projection for the bulls.
This is a bullish look of me on ETH.
Likely Consolidating. Great entry point before it bounces back. Waiting for confirmation!
It looks likely to be consolidating before re-testing the resistance line. If it breaks the resistance line, then it is a great time to buy.
A healthy pullback incoming. Sell high - Buy dip.
People will take profit this week. A healthy pullback is welcome.