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jaypazzi

Ethereum ETH - Indicating upcoming price drop

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ETH Perpetual Futures Contract (BINANCE:ETHUSD.P)  
jaypazzi  
BINANCE:ETHUSD.P   ETH Perpetual Futures Contract
Trend Analysis Chart Patterns Fundamental Analysis Cryptocurrency ETH Ethereum (Cryptocurrency) short crash
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trendanalysis chartpattern fundamental cryptocurrency eth ethereum short crash
The price of ETH rises by a 100% in a period of 1 month after entering an uptrend that is likely to end soon. Ethereum is currently approching a strong resistance, and will be rejected by the upper dynamic resistance trendline due to high selling pressure in the confluence zone, this will cause a strong reversal and will start a downtrend. ETH than will break the lower dynamic support trendline and here will be the short entry setting the stop-loss right above the resistance zone.
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