ETH was quite bullish for the last week into christmas, I think that a lot of people bought the christmas rally end of year hype. It clearly shows it on the chart, a parabolic move up and breaking the upper trendline of the channel but rejected hard for now. It looks like a blow off top and we might get back to the trend start to shake out the mini-euphoria rally buyers.
It will probably dump in a day or two.
This chart gets invalidated if we get back above 146-ish
It will probably dump in a day or two.
This chart gets invalidated if we get back above 146-ish
Trade active:
Short entry at 136 got filled
Trade closed manually:
closed short @ 123, may reshort higher