CryptoMobster

CryptoMobster

This depends if certain key levels are hit, however, there is a likelihood that the 618 level will be hit on a retracement on a big move, dependant on a retest rejection would give you the possible range for going short into a trend change.

CryptoMobster

Strong possible chance that we see a rollover to the downside soon looking at the candle patterns. We've been bearish for a while with a few resistance retests. But you have to think about the fundamentals here and why the hash-rate of BTC is falling and also Covid-19.

CryptoMobster

Now... This is strange... Confluence is strong with the 618 on this bounce. However, when you go from the impulse to the retracement it has also perfectly bounced off a 618 level. With the market currently sideways, it is hard to say whether we are bullish or bearish for 100% certainty so be careful. Box at top is a target range for long Short in the fib...

CryptoMobster

Looks like the 6K levels will be a tough one to break, however huge reward on that break, 6500 levels supply a good entry with good added stoploss protection higher for a move to the downside to follow the overall trend.

CryptoMobster

This activity yesterday seemed a little strange, big push up north then...well NOTHING Looks like it might drop back into the range again, then from there might give a better insight from the retracement. But right now there is no additional take-off which does look and feel a little odd.

CryptoMobster

So is this the time we get to see a big drop down in the market, we've been consolidating a long time, but it's beginning to look more and more bearish. I personally would not recommend long positions right now, certainly looks more likely for shorts given the price levels and price action.

CryptoMobster

We have been here before... This could rally flash down. Be careful. Invalid if we break and hold over .618.

CryptoMobster

Looks set to go down after that little fishwick exercise by the whales. All timeframes pointing to downside movement and with the market uncertainty things could get a little rushed with selling at certain levels. Perfect buy zone down at that 104 level.

CryptoMobster

Looking like a possible move to the downside is coming, looking bearish throughout the timeframes now displaying a rejection of a key level. Watch and shoot, it could get interesting.

CryptoMobster

So here we have it, sorry I know it is bearish but it is totally possible. Just be mindful that this is not the end of the world and that the fundamentals have not changed in the asset, just the world is falling to pieces at the moment.

CryptoMobster

Not sure how many people remember this, but ETH dropping this much in a very short amount of space is bringing back memories of a potential run to the upside in the coming weeks...

CryptoMobster

Looking like a possible fall south in this consolidation zone is more likely than going up north right now. Look at key levels to use as entry points on the retest so be patient with any entries.

CryptoMobster

Be careful, this one is a risky one. With the market being pretty dumpy use a low amount of leverage/risk of balance. With this in mind, a good reward could happen but only with a tight SL incase of any pumps in price.

CryptoMobster

Weekend dumps are always harsh but that is what can happen with different volumes on the weekend. Possible long from this region if it confirms support but be careful with weekends.

CryptoMobster

The market is hard to read at the moment, finding that ETH is just breaking out of a consolidation region. Market retracement up to the 238 regions before a possible turn around is possible here.

CryptoMobster

Good Afternoon, hope you are well Looking like a possible retest of a higher swing level is upon us here. 26c region looks like a possible target if the market is going to retake back some of the losses.

CryptoMobster

Got a little feeling the relief rally is over for Ethereum, looking more likely at current conditions we will see a $200 ETH at some point in the future before $250...

CryptoMobster

First forex idea done on this account, hope you like. But possible regions could be hit, 90 pips in front could be a little move up and a steady continuation of a trend reversal