Ethereum 20% correction ahead

13 Kas 2024

A short term analysis for the days ahead.

After a 40% rise price action on the above 5hr chart breaks price action and RSI support.

A back test of the 2730 to confirm past resistance as support seem highly probable.

Ww

14 Kas 2024

İşlem aktif

The red circle as a reminder of where the idea was published before a flood of comments and messages..

"This time is different".... no, it isn't. If Bitcoin says it is going down, it will take ETH down with it.

17 Kas 2024

Not

The head and shoulders pattern has now confirmed, 2800 is on the wall.

20 Kas 2024

Not

The bear flag has now confirmed.

20 Kas 2024

Not

Forgot to add the flag from last update.

For the bulls,
and their cast iron emotional bias:

Can you feel it? Price action slipping away from you? The Thanks Giving sellers are poised with a finger over the sell button, ready to open the flood gates that will print a Black Friday basement bargain.

24 Kas 2024

Not

High negative divergence. Look left.
I know, this time is different.


18hr

26 Kas 2024

Not

Ever since the bearish divergence at 3400, sellers have rushed to the exit only to trip over the seller in front.