Money Man has been watching ETH closely and was waiting for an opportunity like this. A call of “El Toro” so clear that no bull could withstand it. The speed and parameters of movements have fundamentally changed, and this is clear by simply looking at the size of the boxes, the size of bounces needed to negate momentum and the notable opportunities to the downside. Upside is a translation of what actually happened at the all-time high. Here Green Target 2 carries more weight than Green Target 3.
Conclusion: There is some real space below price that would give little resistance and there is a line above us depicting the all-time highs. All-time highs are bound to be a marker for some selling, and it would take some buying to break through that on a first attempt, which is less likely at this time as many who wanted to buy has already done so. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: There is some real space below price that would give little resistance and there is a line above us depicting the all-time highs. All-time highs are bound to be a marker for some selling, and it would take some buying to break through that on a first attempt, which is less likely at this time as many who wanted to buy has already done so. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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