$ETH CONFIRM THE FIRST SIGNAL OF WEAKNESS!
ETH has been moving sideways for days between 2,400-2,600 and this can only end in 2 ways
DISTRIBUTION OR ACCUMULATION?
Today ETH showed the first sign of a WYCKOFF DISTRIBUTION pattern.
ETH briefly broke through the top of the range and then went back inside it. This is the classic signature of a UTAD:
False breakout of resistance before distribution
This is not an isolated signal:
The correction in wave 2 that we expect in the daily chart aligns both for
$BTC and for ETH, towards the 55-day moving average, with the OBJECTIVE of $2000-$2200.
ETH has been moving sideways for days between 2,400-2,600 and this can only end in 2 ways
DISTRIBUTION OR ACCUMULATION?
Today ETH showed the first sign of a WYCKOFF DISTRIBUTION pattern.
ETH briefly broke through the top of the range and then went back inside it. This is the classic signature of a UTAD:
False breakout of resistance before distribution
This is not an isolated signal:
The correction in wave 2 that we expect in the daily chart aligns both for
$BTC and for ETH, towards the 55-day moving average, with the OBJECTIVE of $2000-$2200.
