It seems like eth is done. After a paid article in NYTimes, eth cought its last breath.
- was broken, yet hammered on 4h. -> should have burst upwards, did not.
- AO, , failed to confirm bull. KDJ signalling overbought.
- Kumo proved to be resistance.
- With no news ahead of us, this is the OTE short zone.
As can be seen on the following graph, whale capital is leaving Poloniex wallet aka moving to BTC:
ETH unfortunately has been facing some technical issues lately, e.g.:
Perfect trade is ahead of us. 1st target 2250, 2nd target 1850. Soft stop loss 2830. Hard stop loss 2950-3050.
Time to sell this overpriced gas :)
If ethxbt breaks 2850 it might invalidate our trade and we will have to make new analysis. On the other hand, if 2850 is not broken, it is a very bearish signal for eth.