Pay attention to the current greedy market situation. Many coins including ETH need a good healthy correction in order to continue their bullrun.
I'd love to see some ETH/USDT correction as well.
ETH is now trading at the bottom of the channel. I expect it to bounce couple of times before it starts squeezing down the trendline.
The breakdown the trendline could be a good entry especially if there's a stoploss hunt with a big wick happenned before.
The trade is drawn approximately and should be triggered ONLY if it bounces couple more times with squeezing downwards.
If a short fake breakup happens - it only does good and gives more power to the downward movement.
I'd love to see some ETH/USDT correction as well.
ETH is now trading at the bottom of the channel. I expect it to bounce couple of times before it starts squeezing down the trendline.
The breakdown the trendline could be a good entry especially if there's a stoploss hunt with a big wick happenned before.
The trade is drawn approximately and should be triggered ONLY if it bounces couple more times with squeezing downwards.
If a short fake breakup happens - it only does good and gives more power to the downward movement.
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