ETH is not collapsing is ranging between the zones drawn on the charts. The market is collecting orders and shaking out of their positions the uncapitalized trader. The target is the lower zone marked by the orange oval around 2300s. Guess what? its where it was before. Same zone.
Trading without looking at the charts like some people I know it is the perfect formula for disaster. I've been there. Did not work. There is no shortcuts in the route to success.
A break of the lower zone, it will take ETH to look for the low $1800s again. This zone matches to the zone painted in March 2021. I just extended it. It was no challenge back then. Now, ETH may show its real potential to lure more buyers and push thru the upper zone.
One thing I know thanks to analyzing miles of nasty charts of EURNZD, GBPCHF, GBPJPY is this : you create some kind of pattern associations. Not your regular Bearish EC or Dojis. Not those. The ones don't tell you anywhere. These plays repeat and repeat in all markets. Capisce?
I will keep y'all update if a bearish strength begins to show in ETCUSD.
Doge Update : Check the zones where the long orders are placed. Link below.
Trading without looking at the charts like some people I know it is the perfect formula for disaster. I've been there. Did not work. There is no shortcuts in the route to success.
A break of the lower zone, it will take ETH to look for the low $1800s again. This zone matches to the zone painted in March 2021. I just extended it. It was no challenge back then. Now, ETH may show its real potential to lure more buyers and push thru the upper zone.
One thing I know thanks to analyzing miles of nasty charts of EURNZD, GBPCHF, GBPJPY is this : you create some kind of pattern associations. Not your regular Bearish EC or Dojis. Not those. The ones don't tell you anywhere. These plays repeat and repeat in all markets. Capisce?
I will keep y'all update if a bearish strength begins to show in ETCUSD.
Doge Update : Check the zones where the long orders are placed. Link below.
