Ethereum has a clear parabolic trend.
A certain RSI level is always defended for some time.
Pay attention for the first sign of weakness here. Parabolic trends are known to end with strong moves. They very often lead to distribution tops.
A certain RSI level is always defended for some time.
Pay attention for the first sign of weakness here. Parabolic trends are known to end with strong moves. They very often lead to distribution tops.
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During whole this overextended parabolic trend this ascending triangle is the first clear bullish structure. It would be hilarious if this fails and marks the top :D
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I mean probably a top before the top. It's fair to expect a huge top for this run.
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Aaand yes they really did! Man this market has become something else lately.
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Market is counter trading TA :D
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Haha I like watching this :D
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It's small but one of my favorite bearish patterns.
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You can say ETH has tried to extend this curve 2 days ago for the 3rd time and failed in this view. Although I think 1800 is a high probability target right now, a broken parabolic trend is almost always a bad thing.
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ETH/BTC got clear rejections. I don't think it looks good.
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We'll if 200d ema becomes a support.
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Although it looks like a nice top so far. You wanna see shoot above the average and slowly come back. This is not it.
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State of the pattern:
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1800 still on the table.
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Interesting. It goes if it can hold the range.
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Can't deny ETH looking bullish atm. But for the last time I imagine.
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Nope nevermind :D Exhausted imo. Back to the range. Should go down.
