The ethereum is in a sideways trend after rejection from 1800. It is in the second tenant of its downward trend where we are looking at distribution from big whales which will be followed by public selling making a head and shoulders pattern once rejected from 1720 which is the 50 MA resistance for intraday. I only take long term positions in cryptocurrency so my taget for entry is the support zone of 1500-1525.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
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