Not financial advice, DYOR.
So, ETH has been very bullish lately and that always brings a lot of hype, however, it's right now overextended and forming a peak formation at the top and new ATH.
I believe it's a good oportunity for a short, but as always, we need to wait for a confirmation, if it holds the 50 EMA in the 1hr, then we can expect new highs coming soon.
Here we have yet again another short chart, and with that being said a minimalistic appearance as quite often, the billions of indicators and graphics traders use to make a chart look fancy, distracts away from what lies beneath.
To be concise, and re-iterate, if you are a high frequency trader or scalper then you can be bullish and bearish many times throughout...
