There is a possibility that the 2300 to 3000 range will no longer be broken in this cycle. After the dead cat bounces, there will be an effort to fill the bags at the lowest possible price.
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ETH is falling faster than I thought. Don't be surprised if you see an ETH well below $ 500 over time.
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Trade active
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ETH surprised with the increase, but the increase only for the purpose of distribution is poorly estimated.
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I didn't expect ETH to get so high, if it's not even here at the end of its bear market rally, I don't dare to guess anymore.
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I can't estimate ETH because of the FOMO from the upcoming Merge. I think ETH is ready to sell, but there is a possibility of a Fakeout followed by a quick sell.
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ETH has rebounded from strong support, a nice bounce would be expected here (at least a bearish shark pattern), but I have a problem with a lot of people expecting this, so a continuation down is likely.
Hi, see a symmetrical triangle on ETH. If it breaks the upper line, it can go to 1470. If it breaks through the lower , it will start to fall.
trader-123456
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christrdview
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Good work.. love it. What is your target (high) for the trap ?
trader-123456
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Maybe such a path, I think it will be full of false moves on both sides. Possible fakeout for distribution, more up. Not exactly what I want to trade.
christrdview
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@trader-123456, Thank you for the update. Appreciate it very much!
Tradersweekly
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Thank you very much.
chris2122
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Yikes! ETH has topped for now... will it punch through ?
trader-123456
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chris2122
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@trader-123456, makes a lot of sense. Thank you for clarifying. Appreciate it.
Am concerned that the USD is on upswing, last upswing since Aug 10th, you can see how it triggered BTC and ETH downwards. Will ETH reach a upwards a bit to 1670, while USD is still on its continuing upwards march. Am curious to see how that plays out.