sven101

sven101

15m chart looks good however it has been rejected numerous times. I think at this point unless it breaks out within the next few candles, my previous short term idea will likely be invalidated and the price may go straight into a downward trajectory. Comment your thoughts below as im curious what other traders are seeing.

sven101

After the recent volume spikes indicating large selling pressure, considering eth has continued to hold the 1350-1360 level i see continuation to minimum 1380 short term. Likely to get back to 1400 at this point. Longer term i am still looking for a short position back to 1200 and below but right now i think a small long position. One of the earlier ideas i had...

sven101

Reversal pattern and target shown. Lines up with 200 ema for confluence. Taking a small long until ,$1328.

sven101

Eth has looked ready to collapse for over half a week but yet it has somehow held support every single time. Generally when levels are tested so many times they become weaker and weaker since there are less buy orders at those levels unless they are replaced and since people can only buy the dip so many times before they are no longer able to deploy a meaningful...

sven101

From the perspective of chart patterns, i expect this next pump to create a double or triple top type of pattern. I have cleaned up the chart and drawn rough lines to show what i anticipate will occur. The overall play is to short around 1370-1400 depending on signals on the smaller time frame and then wait for a crash to 1250 and below. This could take between...

sven101

Earlier today i published an idea and if followed you would have been stopped out. However based on the current chart even though it has fallen back to the range i described 1320-1340, the large red volume spike to me indicates a probable reversal to the upside. That said the fact that it nearly collapsed earlier today before a powerful rally to the upside to me...

sven101

Although it is possible resistance is broken and eth shoots above 1380, perhaps even reaching 1400 and beyond once more, i believe we are still on the verge of a very large crash. Eth has rejected the 1333-1355 level many times in the past few days and each time has quickly crashed back into the 1280-1300 range even reaching as low as 1250. The strong support...