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kyer
Jun 1, 2020 11:48 AM

$ETH Forming Lower Highs Short

Ethereum / U. S. DollarKraken

Description

  • Update from the previous analysis, ETH reached $245 and is now forming lower highs meaning bearish momentum

  • Only difference between now Friday before the spike up is that our $220 level has turned from resistance into newly found support

  • I'm thinking that if this momentum continues we should see another touch of $220, I mean that lower high doji candle just doesn't look good at all

  • Could also be a bear trap for the bulls to f**k on your position, but doesn't matter I still haven't re-entered from my $245 sell so we're chillin for now waiting on re-entry
Comments
without_worries
Am also watching this resistance play out... the $215 worked as resistance for weeks, surely it must be confirmed as support at some point!
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