ETHUSD is looking very bad atm. Its weird cause BTC 4H support is holding and the funding rates are bullish AF. However ETH retraced to the big triangles old resistance and is building a bear pennant right above it. It makes me think that if we dump on the from here, its VERY likely we nuke down because of all the triangles's SL.
IF we break down from the pennant I'll be shorting ETH and covering my spot ETH positions. In the end if we don't dump and just div ill rebuy higher I don't mind.
BE CAREFUL!
GL HF
IF we break down from the pennant I'll be shorting ETH and covering my spot ETH positions. In the end if we don't dump and just div ill rebuy higher I don't mind.
BE CAREFUL!
GL HF
Comment:
bear pennant in small UT