It is very clear there is a lot of uncertainty in the market ahead of the ETH merge (Sept 15th) - very choppy price action on ETH specifically, look how the market has removed first the stop losses of sellers with the huge spike above the highs and has now removed buyers stops with the big spike to the downside. Not to mention all the traders who have been trapped in between this choppy price action.
Usually such PA would indicate there is a large move coming soon in the market, I'm on the fence in which direction but as always we will prepare for either.
An important factor, which I will be paying close attention to is the USD #DXY 👀 📈📉
At times like this remember the most important thing is RISK management.
How do you think the market will react to the ETH 2.0 ? Positive, negative or neutral? comment below your opinions!
Usually such PA would indicate there is a large move coming soon in the market, I'm on the fence in which direction but as always we will prepare for either.
An important factor, which I will be paying close attention to is the USD #DXY 👀 📈📉
At times like this remember the most important thing is RISK management.
How do you think the market will react to the ETH 2.0 ? Positive, negative or neutral? comment below your opinions!
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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.
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.