Ok so, to me it looks like ETH wants to fall out of the rising channel we are in. It might want to retest the 4000$ level.
Indicators show the momentum is reducing as well as the money inflow.
RSI is pointing down and if you zoom into the 4hr chart you will see the EMA's starting to cross bearishly.
Now, to be 100% honest , i'm not going to touch my ETH immediately because i'm getting confused by all the bullish ETH ideas i see in here... I know this might wrong and i shouldn't let myself get thrown of my own pad just because someone else has another opinion but i guess it's the combination of this and also the fact that crypto just feels weird lately... I mean, BTC is about to break an 11 year old resistance line and all... i'm trying to be more careful because of that too because IF it does break that resistance...who knows where this whole thing could go right?
Anyway, ANY opinions regarding what i just said are very much appreciated , would really like to know how you all feel about this , thank you !
Happy trading !
Indicators show the momentum is reducing as well as the money inflow.
RSI is pointing down and if you zoom into the 4hr chart you will see the EMA's starting to cross bearishly.
Now, to be 100% honest , i'm not going to touch my ETH immediately because i'm getting confused by all the bullish ETH ideas i see in here... I know this might wrong and i shouldn't let myself get thrown of my own pad just because someone else has another opinion but i guess it's the combination of this and also the fact that crypto just feels weird lately... I mean, BTC is about to break an 11 year old resistance line and all... i'm trying to be more careful because of that too because IF it does break that resistance...who knows where this whole thing could go right?
Anyway, ANY opinions regarding what i just said are very much appreciated , would really like to know how you all feel about this , thank you !
Happy trading !
Comment:
SO to be clear, i still believe this is the bigger picture and we are still on track of reaching that goal, however i feel like it want to calm down for a few days now...
Comment:
Note to myself... listen to yourself a little more...