Chart Pattern Analysis Of ETH

K2 break down the neck line under increased volume.
It turned the neck line to a potential resistance.
If the following candles rebound to test 0.382fib area.
It is a good place to short it there.
The stop loss could set at 0.5fib line area(about 3250).

Bình luận:

K1 and K2 is a bullish upthrust pattern,
The strong bearish momentum was temporarily stopped here.
If the following candles consolidate here for days,
And the demand pressure sharply decreased,
It will be a good place to short it here under the resistance.

Bình luận:

The rebound of ETH is more strong than BTC.
Perhaps, there will be a second test to o.5Fib area.

If the following candles consolidate here for days,
And the demand pressure sharply decreased,
It will be a good place to short it.