30min chart ETH analysis
ETH was quite bullish for the last week into christmas, I think that a lot of people bought the christmas rally end of year hype. It clearly shows it on the chart, a parabolic move up and breaking the upper trendline of the channel but rejected hard for now. It looks like a blow off top and we might get back to the trend start to shake out the mini-euphoria rally buyers.
It will probably dump in a day or two.
This chart gets invalidated if we get back above 146-ish
It will probably dump in a day or two.
This chart gets invalidated if we get back above 146-ish
Trade active
Short entry at 136 got filledTrade closed manually
closed short @ 123, may reshort higher
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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.