- BlackRock added ~$500M of ETH, while whales accumulated $221M post-dip
- On close analysis we can see that ETH chart is mimicking 2017 pattern
- The 2440 support has been tested multiple times now so we wait for the upper boundary of 2550 to be breached with volume spike and then we can enter for Long.
- On close analysis we can see that ETH chart is mimicking 2017 pattern
- The 2440 support has been tested multiple times now so we wait for the upper boundary of 2550 to be breached with volume spike and then we can enter for Long.
Note
Looking at the current Short Liquidation and SMA crossings on a shorter duration, 2550 is coming very shortly and can be extended till 2565. However, this might be a bull trap so pls be cautious.Trade closed: target reached
Profit booked at 2565. As suggested, this was a bull trap and next target downwards might be 2440 wherein major liquidity sits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.