Explosive ETH move incoming?
Good morning traders and welcome to a new week!
ETH continues to follow the forecasts I outlined last week. We are deep in the daily range that was never mitigated and we can see orders being stacked in both directions.
This only means 1 thing, a strong move is coming, stacked orders mean liquidity for whales to move orders, moving big orders makes big market moves.
I am still expecting a pullback in this overheated move up before the market continues higher, however with this much liquidity stacked anything is possible.
As always trade safe
EnvisionEJ
ETH continues to follow the forecasts I outlined last week. We are deep in the daily range that was never mitigated and we can see orders being stacked in both directions.
This only means 1 thing, a strong move is coming, stacked orders mean liquidity for whales to move orders, moving big orders makes big market moves.
I am still expecting a pullback in this overheated move up before the market continues higher, however with this much liquidity stacked anything is possible.
As always trade safe
EnvisionEJ
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