Some TA Kung-Fu for you:
As you can see we have a potentially repeating 80-bar length pattern within the downtrend of ETHUSDT before each drop.
If that 80-bar length trend continues, we might see a breakout at the $92 mark because there is an intersection between the 80-bar length and the upper downtrend line of the descending triangle, which could lead to a breakout at this point.
I am not expecting the overall macro trend to reverse to bull, so I see $160 as the very top for a run up.
Let's see if this plays out, which would be hilarious.
Happy Trading!
As you can see we have a potentially repeating 80-bar length pattern within the downtrend of ETHUSDT before each drop.
If that 80-bar length trend continues, we might see a breakout at the $92 mark because there is an intersection between the 80-bar length and the upper downtrend line of the descending triangle, which could lead to a breakout at this point.
I am not expecting the overall macro trend to reverse to bull, so I see $160 as the very top for a run up.
Let's see if this plays out, which would be hilarious.
Happy Trading!