This ETH move can only be described as a flash crash 📉
The size and speed of the drop far exceeded expectations
Next, we’ll be watching these resistance levels:
one consolidation zone at 2230–2260
and one neckline zone at 2320–2350
All the ETH long positions from this move took profit near the high
As for shorts, we’ll leave those to BTC
We haven’t rushed into an ETH trade this time. It’s looking relatively weak so far, so we can re-enter the short position we took profit on earlier at 2288, at a higher level
Let’s see how it goes at those two levels above
The size and speed of the drop far exceeded expectations
Next, we’ll be watching these resistance levels:
one consolidation zone at 2230–2260
and one neckline zone at 2320–2350
All the ETH long positions from this move took profit near the high
As for shorts, we’ll leave those to BTC
We haven’t rushed into an ETH trade this time. It’s looking relatively weak so far, so we can re-enter the short position we took profit on earlier at 2288, at a higher level
Let’s see how it goes at those two levels above
