As BTC is making fakeouts and there has been profit taking by the investors. Same scenario will be followed for the ETH. Any pump might lead towards the dump as in bearish cycle, each and every pump is for short term profit taking and then dumping the price. ETH has also been making a classical bearish flag pattern plus the fundamentals are also aligned.
Check the critical levels mentioned in the chart.
After a fake breakout, check for the test of 50MA and monitor on the 4h time frame for short entries.
Short entry from 1350 to 1400
SL 1540
TP 1100 to 1020
I will also post the followup posts. Thanks
Check the critical levels mentioned in the chart.
After a fake breakout, check for the test of 50MA and monitor on the 4h time frame for short entries.
Short entry from 1350 to 1400
SL 1540
TP 1100 to 1020
I will also post the followup posts. Thanks