A 'SouthAll' approach towards ETHUSDT.Hello Traders!
1. This analysis is mixed with various concepts; Elliot Waves, Volume, and Parabolic Movements. Hence the name 'Southall'.
2. The count is clearly stated on the chart. We're following almost the same pattern as we expect in BTC .
3. We see significant volume spikes in the selling zones and less volume in the buying zones. This also indicates the built-up selling pressure .
4. We also see ETH respecting two upward-sloping curves . The indication seems very clear.
5. I see the crypto markets as intrinsically bearish, at least till a new low is made.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.