Seeing how much thrust this last boost, if eth doesn't go nuts it may correct soon with rest of market as the usual end of year dump. Hitting the top BBs, pretty overextended at this point, markets are bound to correct sooner than later. But its just speculation and as always anything can happen.
Its on the 100 MA and looks bullish enough to push it to the 100 EMA. Maybe next week if it breaks through the 100MA be looking to ladder some shorts around the 100EMA for a few week swing trade. Bearish Scenario.
After massive bull trap, covid comes and smashes markets through monthly 39ema, has since rebounded and is re-testing as resistance. Trading bots are bound to start selling again very soon to plunge markets lower. Watch the 200Ema/MA as a potential bottom.
Not trading advice, just seeing a pattern after super inflated markets for last few years get crushed by...
This is a short going off of both the 2 hour Mac d retest and the EMA 987/3200 Zones. It could very well be topping out here soon, but if bulls attempt to pump its going to retest the 2hr, and above that the 4 hour macd. I can't see if going much higher than that as those will created immense downward pressure. The markets are prone to a retracement soon to reset...
Going off different time frames and mapping out potential topping out points if dash continues to go full on bull mode for the next few days
The Weekly has serious resistance at 70-73 levels so it'll have a hard time getting and staying above that.