Long

ETH-USD bear is exhausted ?

Updated

Daily is forming doji which shows indecision . That's great . It tells us that bull hesitates to push lower
We are at important 400$ psychological support
In addition, on 4hr we are forming descending triangle . If we can break up, that's a time to buy.
I have also pointed out the similarity of this dump with the previous one. As you can see that , with previous one we have one 1 more short dump to create a beautiful bull div on 4hr.
Can it also happen this time ? if we can't pass the middle band of Boiling Band, then it will and it will be super great chance to catch that short dip. If it doesn't happen, that's ok too

Note: this post is for discussion only , not financial advise

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yahooo

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Fake break out. It got pushed back at the mean of the pitch fork.
Right now we are inside a new penant.
If price drops below the previous low 397$, this trade will be canceled because we will move to the lower area of the PitchFork which is around 375$
if price breaks the mean of the PitchFork, we will approach the higher area which is

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around 435

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the mistake of this trade is to jump in too early and ignore bull confirmation >><<

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this is the break down case which will match with the previous dump from my original idea

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I also don't give up on bull yet because of max TD senquential and squeeze showing sell decreasing

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the consolidation range is getting smaller and smaller . BIG move is going to happen soon.

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honestly, ETH-USD chart looks more bullish than BTC-usd by looking its candle structure :)

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hey bull, im ready :)

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break down because of bitcoin ETF delay. BUT this should be the last dump as i have mentioned many times for this possible scene. It will create a 4hr bull div

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according to my original plan, I strongly believe this is the last drop of ETH before the bounce up.

if we keep breaking below 369$ without bouncing up first , this is really a bad situation for crypto and the worst one will come :)

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still inside bottom of pitch fork

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bear is strong. Bull div on 4hr is almost invalid now.

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VERYYYYYY NICE. bull div on 4hr is still valid

Trade active

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this looks bad. The 4hr bull div is gone now. Price has gone deeper. 350$ is the last support for further big dump

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i can see that a lot of retail investors are in panic mode now. However, i still think it is too EARLY to deep below 350$ . Therefore, 350$-376$ is a good buy range

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anyway, time to go to sleep. Don't be panic folks, this is BUY zone not sell zone :)

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pretty much the best price to buy ETH now. I don't expect eth to drop below its STRONGEST key level of entire chart without having any bounces :)

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sell and panic more , then give me a hammer candle :)

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I will keep screaming BUY while everyone is panic at selling :)

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honestly, ETH has been acting very weakly lately. Now we are in tight consolidation just like last time again. Bull still doesn't want to show up. The uncertain is at highest now. Attention is needed for either strong break up or down. Bear is in favored

Trade closed manually

this coin is shit , guys :))

JackieHuynh

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