I see something like this for
ETH in the next few weeks. Overall still bullish, but wouldn't mind short scalping here. RSI Bear divergence on this high. A retrace like this would be healthy for the overall markets. Scary but 35-50% drawdowns are typical in crypto,
1K and $850 range for ETH. I would scale out on ALTS into
USDT or
BTC and
ETH off of the insane recent run.
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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.