Ethereum 20% correction ahead

13 בנוב׳ 2024

A short term analysis for the days ahead.

After a 40% rise price action on the above 5hr chart breaks price action and RSI support.

A back test of the 2730 to confirm past resistance as support seem highly probable.

Ww

14 בנוב׳ 2024

עסקה פעילה

The red circle as a reminder of where the idea was published before a flood of comments and messages..

"This time is different".... no, it isn't. If Bitcoin says it is going down, it will take ETH down with it.

17 בנוב׳ 2024

הערה

The head and shoulders pattern has now confirmed, 2800 is on the wall.

20 בנוב׳ 2024

הערה

The bear flag has now confirmed.

20 בנוב׳ 2024

הערה

Forgot to add the flag from last update.

For the bulls,
and their cast iron emotional bias:

Can you feel it? Price action slipping away from you? The Thanks Giving sellers are poised with a finger over the sell button, ready to open the flood gates that will print a Black Friday basement bargain.

24 בנוב׳ 2024

הערה

High negative divergence. Look left.
I know, this time is different.


18hr

26 בנוב׳ 2024

הערה

Ever since the bearish divergence at 3400, sellers have rushed to the exit only to trip over the seller in front.