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Ethereum Flash Pump Trade Setup - Ethereum X CPI Catalyst - We have the CPI today. What can we expect to see before the event? - Price has deviated twice forming an excess price and then returning to Equilibrium - There have been significant liquidity grabs and now a base is forming. The question is where will the price go next? - In my opinion, it is likely to move upwards or expand given the significant sell-side imbalance and numerous fair value gaps. - To understand the bias we need to grasp the expansion along with the CPI and it appears we are likely to see an upward expansion if the CPI is below estimates
Long
by VKtradesimbalance
Ethereum ETH weekly large head and shoulders pattern channelEthereum ETH weekly large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, June 2022 is the head and shoulders, and the right shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.
by ZhongBenCong001