$ETH rejected around the intersection of triangular resistance + LT trendline to trigger a bearish breakout prior to second vertical.
At this point there's a high chance that we could continue to drop towards next LT line if price can't maintain within previous lows.
Even though PA looked good to start I did sell off some of my portfolio due to gut instinct which resulted from three general concepts:
At this point there's a high chance that we could continue to drop towards next LT line if price can't maintain within previous lows.
Even though PA looked good to start I did sell off some of my portfolio due to gut instinct which resulted from three general concepts:
- Recent PA and course of descent over a short time period.
- The volatility on the initial breakout attempt (vertical 1) seemed too high and there was no defiant close above LT trendline.
- Binance US 2FA was down and opened up right as subsequent red candle was breaking above LT trendline.
Comment:
Just sold some $ETH @ 1950
