Today's pattern, however, is promising a breakout. Macro data says up, micro data says down. It seems that a psychological number of ETH $1550 is a strong anchor and the price was quite stable around that price point ever since Monday!
From my yesterday's post many of you have learned why the price is in such a limbo at the moment. is slightly higher compared to Tuesday and if you will look a bit closer at the numbers - these are additional sell orders. That means that demand is not picking up. Friday may bring a bit more sense of urgency as traders will try to push to close the week with a profit. 💸
Position is Neutral (Data Money fans with early access already knows that we have been shorting since ETH $1570 this morning 🤑)
Forecasted high at ETH $1680 and $1700
Mid-way point at $1490 (indicating price recovery)
Forecasted lows at $1490 and $1470
Have fun trading! 🏓
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