ETH - still strong upside structure and I don't like it
Let's be honest, I don't like ETH, never ever have bags or intend to have. I don't care who will get rich from it. Reason - I like many tokens on ERC-20, but they cost me such gas fees that I can't afford them on my private wallet. And I have to keep them in CEX, which does not make me their owner, according to the rule "Not your keys, not your crypto". So, it was easy for my imagination to see ETH like a Ballon fish (full of poison). But I just have to buy it from time to time. That's the reason I have to trade it. At least to earn money for his gas fees. And I need to entertain myself when I make its chart.
So, on a Weekly - according to CMC rules, ETH made a ChoCh (change of character) and it looks like it is in a correction move. Possible level - the last infilled wick. I hope to go there and will short with so much pleasure.
Possible move up to validate the uptrend structure (BoS - break of structure)- the price level where ETH had lost his major previous support - all is mentioned in the chart.
For the next higher level, around 2500$ I just measured the range between the last bottom and the level where it Changed the Character – ChoCh and and copied this range up.
Disclaimer: I am not a financial advisor and I am not a professional trader. I made this chart because it was fun to look at movement patterns this way while I waited for ETH to enter at its short level. And because I finally made the association with the Balloon fish.
hope you enjoy my vision
So, on a Weekly - according to CMC rules, ETH made a ChoCh (change of character) and it looks like it is in a correction move. Possible level - the last infilled wick. I hope to go there and will short with so much pleasure.
Possible move up to validate the uptrend structure (BoS - break of structure)- the price level where ETH had lost his major previous support - all is mentioned in the chart.
For the next higher level, around 2500$ I just measured the range between the last bottom and the level where it Changed the Character – ChoCh and and copied this range up.
Disclaimer: I am not a financial advisor and I am not a professional trader. I made this chart because it was fun to look at movement patterns this way while I waited for ETH to enter at its short level. And because I finally made the association with the Balloon fish.
hope you enjoy my vision