Watch out, on the 3 HR time-frame, there is a 3 method bearish pattern that just formed. If the first support cannot catch this fall it will test the second @ 2k. If it breaks and closes below that, run home.
If you look at the size of the symmetrical triangle it makes sense why the dip will be massive.
BUT... There has yet to be confirmation of the downtrend on the hour time-frames. I expect that there will be a test once ETH bounces off one of these supports. This very well COULD be a false breakout. It took almost a month to form this symmetric triangle.. so everything is always scaled up depending on how massive a pattern is.
Good luck guys, trade at your own risk!
If you look at the size of the symmetrical triangle it makes sense why the dip will be massive.
BUT... There has yet to be confirmation of the downtrend on the hour time-frames. I expect that there will be a test once ETH bounces off one of these supports. This very well COULD be a false breakout. It took almost a month to form this symmetric triangle.. so everything is always scaled up depending on how massive a pattern is.
Good luck guys, trade at your own risk!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.