Ethereum / TetherUSמעודכן Bear trap ahead - Giant "fake" SHS
So, as I mentioned in my previos analyis on ETH I said that I won't rule out another stop hunt below ~2800$ for ETH and this is the reason why I believe so: If you are a bear, this is probably what you are looking at: A huge IHS with the neckline around ~2825$ which would give a target of 2k. But knowing the market for almost 10 years now I think I know what happens next :)
These huge and OBVIOUS shoulder-head-shoulder patterns fail almost every time, or at least >90% of the time. So pretty sure we are about to see a nice bear-trap coming days which means a stop hunt below 2800 to ~2700-2750$ hold there for 1-2 days and then see an aggressive push above the "neckline" again.
Do what you will with this information :) I start longing from the range lows with bids down to 2700$
Stay safe!
These huge and OBVIOUS shoulder-head-shoulder patterns fail almost every time, or at least >90% of the time. So pretty sure we are about to see a nice bear-trap coming days which means a stop hunt below 2800 to ~2700-2750$ hold there for 1-2 days and then see an aggressive push above the "neckline" again.
Do what you will with this information :) I start longing from the range lows with bids down to 2700$
Stay safe!
הערה
In case you wonder what SHS I am even talking about: Left shoulder from april to may, top of the head around 4k at end of may, early june and then obviously the right shoulder at ~3500 end of july :)הערה
And it really happened... Now we have to hope that I my idea is correct and 2700$ is going to hold.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.