ETH ready to dump before starting the real pump
As you can see in this chart i keep it simple, there is an ascending trend line which failed to hold the price. Then, after it broke out, we see very weak volume and small candles.This factors could be indicating a move to the downside.
There is a lot of hype about ETH merge, but in reality I'm not bullish a the moment, In my opinion, it is very likely to retest the level of 1366$(3.618) before going up again.
So taking in to account all of this, i will consider to enter a short now at 1570$ with a stop loss at 1660$ and the targets are 1464$ and 1366$.
I would be glad to see what do you think in the comments and don't forget to give a boost if you agree with me.
There is a lot of hype about ETH merge, but in reality I'm not bullish a the moment, In my opinion, it is very likely to retest the level of 1366$(3.618) before going up again.
So taking in to account all of this, i will consider to enter a short now at 1570$ with a stop loss at 1660$ and the targets are 1464$ and 1366$.
I would be glad to see what do you think in the comments and don't forget to give a boost if you agree with me.