This is super simple callout recognizing the break from long respected ETH USD trading ranges.
There is no real support for the current price, so when it is challenged it will pull back.
I think this is a fairly low risk short position. Sell 3,400 re-enter 3,000 ish in the next 2 weeks.
Hey fellas, just want to chime in with a correction that I think needs to be heard. Magic Poop's TA is great but I think he is a bit rattled. His wedge is drawn a little early and it's changing the angle on his lower resistance. I don't think we will be breaking south until we breach $118. So far so good.
Hold strong lads.
I've been waiting and buying for this moment for several weeks now. I think we have a local ceiling of 190 in this rally.
Keep an eye on volume, if it picks up then we could breach 240. If volume stumbles we are heading back to test the 130 res for the third time in this wave.
Good luck boys.
