LONG TERM HORIZONTAL RESISTANCE
.234 FIB
RSI OVERSOLD
RSI BEAR DIV SHORT TERM, BUT COULD POTENTIALLY UNWIND BIGGER M TOP FORMATION
INSIDE BAR CANDLE ON A DAILY TF
ETH 2.0 FUNDAMENTAL EVENT HAPPENED ON AUG 4TH. WILL THIS BE ONE OF THOSE "SELL THE NEWS TOP"?
FEAR AND GREED INDEX FOR CRYPTO 79 - EXTREME GREED. NOT A GOOD SIGN TO SEE AT RESISTANCE.
IF YOU FIND MY IDEA USEFUL, OR BETTER MANAGE TO PROFIT OUT OF IT, FEEL FREE TO DONATE.
.234 FIB
RSI OVERSOLD
RSI BEAR DIV SHORT TERM, BUT COULD POTENTIALLY UNWIND BIGGER M TOP FORMATION
INSIDE BAR CANDLE ON A DAILY TF
ETH 2.0 FUNDAMENTAL EVENT HAPPENED ON AUG 4TH. WILL THIS BE ONE OF THOSE "SELL THE NEWS TOP"?
FEAR AND GREED INDEX FOR CRYPTO 79 - EXTREME GREED. NOT A GOOD SIGN TO SEE AT RESISTANCE.
IF YOU FIND MY IDEA USEFUL, OR BETTER MANAGE TO PROFIT OUT OF IT, FEEL FREE TO DONATE.
One would argue that this was just a stop run. I don't know about that. Considering the news and overly bullish sentiment, I think the top is closer than the bottom. Selling volume is higher than the previous drop, so bulls better chill here.