Ethereum | Price Action Comparison Short

Ether / United States DollarCoinbase

Description

⋅ Aug 4, 2021 8:31 AM

Current ETH price action is very similar to the price action we saw back in June.

I have labeled the similarities on the chart for easy comparison.

Current plan is to remain bearish below 2540 with a break of the trendline ~2440 as confirmation for further downside.

Comment

⋅ Aug 4, 2021 8:48 AM

Trend Analysis Chart Patterns

Comments

lemonsqueezy

⋅ Aug 4, 2021 5:13 PM

Love clicking play on this one

AidanMDang

⋅ Aug 4, 2021 8:33 PM

@lemonsqueezy, hahahahahahaah

AidanMDang

⋅ Aug 4, 2021 8:37 PM

@AidanMDang, I got stopped out 2540 on initial shorts but now back in them. Recent leg grabbed liquidity above 2700 & tagged the 0.382 retracement. Notice Bitcoin didnt break the recent highs on today's pump... it had already rejected @ the 382. ETH was just a bit of a laggard imo

s3.tradingview.com/snapshots/k/K7IYMdgS.png

AidanMDang

⋅ Aug 4, 2021 8:38 PM

@lemonsqueezy, s3.tradingview.com/snapshots/k/K7IYMdgS.png