ETH ANALYSIS:
ETH is currently attempting an hourly bearish engulfing. This is also in line with legacy markets looking for a strong dive down today. The relief run up to 130 was quickly turned back down and the buyers dont seem interested until another drop. I am expecting a drop back down to $101.20 at T1, followed by T2 at $96.40, and T3 at $87.87. I expect interest to again spark under 100. A double bottom confirmation near 85 is likely. The recommend stagger short zone is from 105 to 115. Times are VERY volatile right now, and I would recommend using smaller positions with low risk. Eyes on the main target near $87.
ETH is currently attempting an hourly bearish engulfing. This is also in line with legacy markets looking for a strong dive down today. The relief run up to 130 was quickly turned back down and the buyers dont seem interested until another drop. I am expecting a drop back down to $101.20 at T1, followed by T2 at $96.40, and T3 at $87.87. I expect interest to again spark under 100. A double bottom confirmation near 85 is likely. The recommend stagger short zone is from 105 to 115. Times are VERY volatile right now, and I would recommend using smaller positions with low risk. Eyes on the main target near $87.