ETH ANALYSIS 17/07/2021

ETH / USDT

Eth ptrinted Inverted C&H which is bearish pattern (Normal Cup and handle pattern is extremely bullish)

this pattern wont be activated until we have candle close below neckline around 1700$
If bears win this war.. what are next supports ?

First support 15XX- 1440$ (previous ATH)
Second support 1100$- 900$
Third support : around 600$ 😳

For Bullish Scenario :
If price hold above support by daily/weekly candles closure Bulls can push price up to 2200-2400$ (for me i interested in candle closure only as we can see flash crash to hit sl and rise up fast)

FOR ETH TO BE BULLISH we should see ETH break trendline (red) and hold above 2400$ not less than that.. below this level bears still in control

🚨This Is Just Warning Sign Not Confirmed Yet
What can increase my fear the large BTC inflow into exchange in last few hours with gray scale unlocking next days
We should take care and watch closely how BTC and ETH will react in next 2 weeks

Dont go all in ALTS... Ur best friend is strict stoploss
Best wishes