I can't help but feel ETHUSD is flashing us a bear trap. This lovely curling formation forming at the bottom of this pennant shows failing sell pressure. Based on my look at BTCUSD (still king), I see no reason to expect any particular downside. Imagine we continue to range within this current boring market, which if I'm looking at it through the lens of this regression channel, takes us into the first week past new years. Most traders that have experience don't make big moves over the holidays, and everyone big in the market expects a big first quarter.
Also note, ETHUSD price has climbed the primary resistance in the VPR.
If ETHUSD does so, it would confirm outside this pennant before having a big Q1. This would allow us to fall in line with predictions from market makers and analysts about an extended cycle. So my strategy remains the same; continue to earn yields on staking and liquidity farming.
Also note, ETHUSD price has climbed the primary resistance in the VPR.
If ETHUSD does so, it would confirm outside this pennant before having a big Q1. This would allow us to fall in line with predictions from market makers and analysts about an extended cycle. So my strategy remains the same; continue to earn yields on staking and liquidity farming.
