Make it or break it for ETH.
Eth can go two ways with the current pattern it’s forming.
It can follow the orange dots and break from the decending triangle (shown in blue - which is a bearish pattern) down to the 1800 price range, or pop up from the inverted head and shoulders pattern it created and follow the yellow dashed lines into the sell pressure around the 3000 price range.
I’m leaning more bearish since we haven’t been able to break above the hot pink line, which is the baseline of the Ichimoku clouds - where price always gravitates towards and it is currently moving down.
Either way, dollar cost averaging is your best bet if we are in or heading into a bear market. I am watching for small pops in the market for people to liquidate as much as they can if we are bearish.
Stay safe out there. Trade easy.
It can follow the orange dots and break from the decending triangle (shown in blue - which is a bearish pattern) down to the 1800 price range, or pop up from the inverted head and shoulders pattern it created and follow the yellow dashed lines into the sell pressure around the 3000 price range.
I’m leaning more bearish since we haven’t been able to break above the hot pink line, which is the baseline of the Ichimoku clouds - where price always gravitates towards and it is currently moving down.
Either way, dollar cost averaging is your best bet if we are in or heading into a bear market. I am watching for small pops in the market for people to liquidate as much as they can if we are bearish.
Stay safe out there. Trade easy.
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