I think ETH it's going down
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The merge news has pumped ETH a lot, so much it took the steering wheel of the cryptomarket and BTC followed it but now it looks topped. 2000 USDT it's a psycological sum at which people will likely take profit even though the merge didn't happen (when it will I expect a good dump as well).
See bollinger bands, they're stretching, a decision point is coming and in my opinion it'll be a dip down. Volume is going down as well.
Overall the daily chart it's shaping as an inverted hammer but until it stays green I won't be surprised if we'll have another green candlestick as "hanging man". That could be the peak of this first top. I expect a second leg up on daily scape and with RSI staying below the previous one though
I think there's still a shorting window that can be used. On the daily chart there's a risky one and on 1h you can see the conservative one.
Good luck.
See bollinger bands, they're stretching, a decision point is coming and in my opinion it'll be a dip down. Volume is going down as well.
Overall the daily chart it's shaping as an inverted hammer but until it stays green I won't be surprised if we'll have another green candlestick as "hanging man". That could be the peak of this first top. I expect a second leg up on daily scape and with RSI staying below the previous one though
I think there's still a shorting window that can be used. On the daily chart there's a risky one and on 1h you can see the conservative one.
Good luck.
Kommentar
BTW, if you shorted ETH at my signal you're currently in profitKommentar
this is getting better more and more. Those who remained in the trade are making good profitTrade geschlossen: Ziel wurde erreicht
If you staid in the short until now congrats, target reached.
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