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Another good short term opportunity to enter short on ETH

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Hello traders, it has been a vigorous week on cryptocyrrencies market. After intense decline ethereum pulled back to previous resistance creating a small harmonic bat-pattern along the way. It is a good setup to enter short with targets set near new low. If this bat-pattern stays valid and realizes, there is a good chance that ETH might brake below major support at 765.

註釋

CD leg is still within a valid range that qualifies this pattern as harmonic, let's wait until price brakes blow the support line

註釋

Looks like the price will brake the support now. It climbed pretty high but still well within the range of a valid bat pattern. Let's see what is going to happen, if it actually reverses the decline will be rapid.

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The support has been broken, price bulled back to it, now we should see the rally down

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The price climbed slightly higher than I anticipated and formed so-called advanced harmonic pattern. Nevertheless I still except a rally down. I have slightly adjusting my targets. Good luck to all of us!