Yesterday we experienced history as ETH hit an all-time
high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We are also seeing a new pattern in the crypto market. Instead of reaching ATH
and going down with a large dump, ETH wabbled a little and then the short squeeze kicked in. Gut feeling says that someone just accidentally stumbled into "holy sh*t have you seen shorts books* and instead of dumping, pumped ETH a little more!
So what does that mean for today? Will it go up? Will it go down? Sideways all around? Track whales and you will find your answer!
Today's technicals: Position should be Long (Eye of the storm, be vigilant Short and Long as per your better judgement). Forecasted hights 1600 with no hard ceiling. Forecasted lows 1520 with potential to implode if you all of the sudden start seeing large red candles!
Have fun and keep that volatility