NFA, DYOR.
Last time ETH was forming a POTENTIAL right shoulder and did not break to the downside.
Now, we are forming a similar pattern as the last time before the crash.
I do not say it will repeat exactly as before, but this is an interesting view from my angle.
Double regular bearish divergence on the 4H timeframe just under the main pivot point 1727$, and strong supply zone from the previous high.
Possible liquidity grabbing before the FED meeting.
Stay safe.
Last time ETH was forming a POTENTIAL right shoulder and did not break to the downside.
Now, we are forming a similar pattern as the last time before the crash.
I do not say it will repeat exactly as before, but this is an interesting view from my angle.
Double regular bearish divergence on the 4H timeframe just under the main pivot point 1727$, and strong supply zone from the previous high.
Possible liquidity grabbing before the FED meeting.
Stay safe.