Q: On-chain analyst: A whale has opened long positions totaling 24,500 ETH over the past two days and is currently down $3.5 million. What do you think?
A: A somewhat bearish signal. Keep an eye on the previous low; if it breaks, expect lower levels. It’s more worth getting involved when the news and the candlestick trend point in the same direction. Be a bit more cautious when they diverge.
$ETH currently at 2063.66.
Make your own decisions when buying or selling—don’t just follow the crowd.
A: A somewhat bearish signal. Keep an eye on the previous low; if it breaks, expect lower levels. It’s more worth getting involved when the news and the candlestick trend point in the same direction. Be a bit more cautious when they diverge.
$ETH currently at 2063.66.
Make your own decisions when buying or selling—don’t just follow the crowd.
