ETH heading into Decline. Wake me up when winter is over.
This point (blue box) is going to be insane...this is a critical support, and will be turbulent upon impact. Closing my short on a spike thru this support--where the LT MA meets the Kijun-sen. I expect a bounce/short squeeze like we saw a week and a half ago between June 25-29. But on every time frame moving averages are flowing downwards like water, with the shorter TF MA below the intermediate, which is below the long.
LOOK AT THOSE LINES AND TELL ME YOU DON'T SEE PURE ENERGY GETTING READY TO COLLIDE AND EXPLODE..It's physics. I think this will mark the transition from Distribution phase 2 to Decline phase 3.
The support has already been tested AKA weakened. Price will bounce from this last critical support to the overhead 4h cloud (which is also the horizontal resistance, surprise) between 106-.118.
Play accordingly.
LOOK AT THOSE LINES AND TELL ME YOU DON'T SEE PURE ENERGY GETTING READY TO COLLIDE AND EXPLODE..It's physics. I think this will mark the transition from Distribution phase 2 to Decline phase 3.
The support has already been tested AKA weakened. Price will bounce from this last critical support to the overhead 4h cloud (which is also the horizontal resistance, surprise) between 106-.118.
Play accordingly.
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