Hello traders and Happy Tuesday. After 8 consecutive weeks of bearish candles, this is just a pullback, not a sign that Eth is going up to a new ATH in my opinion. Yes for leveraged traders there is plenty of scalp opportunities up to $2150 area. I feel we could bounce around , not break above $2200 and start back down to retest 1740 and lower. This is just my opinion and not financial advice. I am holding heavy Eth., been in it right before the huge push a few years ago and I am waiting to dump my majority in the areas marked on the chart. $1740 / $1600 / $1550 / $1350.... All areas where I will buy in until we reverse course and start back up. Overall until we break and close on a daily time frame above $3245 / $3425 area we are bearish. If Ethereum were to break and close above $2150 / $2200 on a daily and started to form support, at that point I may revise my stance. But I am comfortable getting paid to wait. All thanks to Big G, my mentor. Trade the trend, use price action and remember FOMO is normal in a curcial time like these in the world of Ethereum. Be well and thank you for checking out my analysis / idea.
Pip Whisperer
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pip Whisperer
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.