ETH* dont bet against the trend - Short Squeeze to $2200 LoadingEth has broke out of an important resistance level of 1930$ ,
Printing HH and HL's on Daily. getting ready for the upside.
Shorts are fuel for the rally.
Bullish Hammer on Daily suggest trend is UP.
RSI is coupled with the price , no sign of weakness
Price bounced from Fib level 0.382% , approaching to next Fib level 0.50% ( $2212)
Hence, Volume is dropping where as price is rising. (Bearish Divergence on volume) this is a bearish sign!
Time Series Analysis - I created an analogy based on past trends and price sentiments. I found that most of the time August is a good month for crypto. This is why i think crypto cap Epically ETH will lead the market and followed by a strong retracement in September (Pasted history suggest Crypto corrects nearly 30~40% in September)
Ill Lock profit around $2200
and will trigger shorts near 2200-2250
Will keep you guys updated !
TRADE WITH ME
Long