I've been sharing ETH short scenarios for months now, still my main swing short shared here open since 3475$, as explained in my last idea and aiming lower.
Currently price below a key area represented by the red zone, as long as we stay below, this is going for those 2 objectives.
Not much to ad, still in the middle of a corrective trend from the highs, this is far for been over, at least till price starts to lateralize and we see acumulation in weekly candles, that will take months to happen.
I've been insisting for weeks, DO NOT RUSH in any altcoin, entire market is bear trending and this will not end with a V bottom, 99% chances of a long looooong acumulation range for months before any real bullish reversal, so stay patience and wait, those that buy the next generational low will be HUGELY rewarded, but you need to be patience and wait for a clear capitulation that we have not seen yet, followed by an accumulation of months.
For now, this market is just for shorting the bounces.
Good luck.
Currently price below a key area represented by the red zone, as long as we stay below, this is going for those 2 objectives.
Not much to ad, still in the middle of a corrective trend from the highs, this is far for been over, at least till price starts to lateralize and we see acumulation in weekly candles, that will take months to happen.
I've been insisting for weeks, DO NOT RUSH in any altcoin, entire market is bear trending and this will not end with a V bottom, 99% chances of a long looooong acumulation range for months before any real bullish reversal, so stay patience and wait, those that buy the next generational low will be HUGELY rewarded, but you need to be patience and wait for a clear capitulation that we have not seen yet, followed by an accumulation of months.
For now, this market is just for shorting the bounces.
Good luck.
