Looks like ETHUSD is retesting the R/S flipped resistance zone (top purple box) right now.
If it does not break above, then its a short down to the 2 MA levels shown, and the next major horizontal support.
I'm not listing this as a long or short because yes you can short this, but you can also buy the dip.
This looks to me like a very normal correction and a healthy one. No impulsive dumping. ETH is strong!
Probably see an ETH ATH in 2021.
For anyone else that bought up as much ETH as they could below 200, HODL!
I just like to short major impulse moves, I dont think I will short this.
(I tend to HODL, instead of take profit and sell, and then I short on leverage using my current ETH to short so that I double profit on dumps - EG: when it hit 600 I shorted down to 500 but I didnt sell any ETH, I just converted that profit into more ETH)
BUY THE DIP!
If it does not break above, then its a short down to the 2 MA levels shown, and the next major horizontal support.
I'm not listing this as a long or short because yes you can short this, but you can also buy the dip.
This looks to me like a very normal correction and a healthy one. No impulsive dumping. ETH is strong!
Probably see an ETH ATH in 2021.
For anyone else that bought up as much ETH as they could below 200, HODL!
I just like to short major impulse moves, I dont think I will short this.
(I tend to HODL, instead of take profit and sell, and then I short on leverage using my current ETH to short so that I double profit on dumps - EG: when it hit 600 I shorted down to 500 but I didnt sell any ETH, I just converted that profit into more ETH)
BUY THE DIP!
Nota
looks like it might be holding that support!we´ll see by tuesday. mondays tend to be green days, if it doesnt dump through support by tuesday id say this isnt happening.
Nota
just realized how perfect I nailed that one..... I tend to forget about my charts after I setup the trades.
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