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ETHUSD D1: topping pattern / 30% correction(NEW)

Short
COINBASE:ETHUSD   Ethereum
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ETHUSD D1: topping pattern / 30% correction(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: ETHUSD daily chart review/outlook
::: 400 USD heavy rejection and bulls failed
::: so upside likely very limited from here
::: weekly close = inside candle
::: if we close like this upside is limited
::: so at the very least we are getting
::: 30% correction soon
::: also topping pattern on daily timeframe
::: very high probability of correction
::: finally: August is a BAD month for crypto
::: recommended strategy: SHORT IT
::: at market SL over recent highs
::: TP BEARS 25% gains // 240-260 USD
::: SHORT/HOLD setup for patient traders
::: just short high and get paid, period
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS

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