ETHUSD BEARS ARE IN! Back to 1400. #ETH #CRYPTOCRASH
Hey guys, I am here with another analysis and this time it is on ETHUSD. Please do like, comment and follow for more.
On daily, we saw the cryptocrash affected ETH alot and literally brought it below the 3000 level. Which is a good emotinal key level. What I think might happen is this, ETH will break the 3000 level and stay above it for a while, there will be some bullish sentiment but then we will see a huge sell off.
On H4, we can clearly see the breakout and retest strategy that can be played out on this and we all can profit from this by entering shorts at the 3150-3200 level.
Please know that crypto is really volatile so always use less leverage to trade on futures. And for spot, I would recommend if you have ETH hold, the long term is bullish and you can buy more at he 1400 level. Lets see how it plays out.
On daily, we saw the cryptocrash affected ETH alot and literally brought it below the 3000 level. Which is a good emotinal key level. What I think might happen is this, ETH will break the 3000 level and stay above it for a while, there will be some bullish sentiment but then we will see a huge sell off.
On H4, we can clearly see the breakout and retest strategy that can be played out on this and we all can profit from this by entering shorts at the 3150-3200 level.
Please know that crypto is really volatile so always use less leverage to trade on futures. And for spot, I would recommend if you have ETH hold, the long term is bullish and you can buy more at he 1400 level. Lets see how it plays out.
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