ETH Hidden Buyers , Short Squeeze Potential Targeting $2k -$2400
Updated
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ETH Chart Analysis: According to MT Pandora's Box, ETH is expected to reach the range of 1850 to 1864 from its current range of 1724. The reason behind this projection is that the price is still trapped within a larger range on a higher timeframe. It's important to understand that most breakouts, like attempts to end a trading range and establish a new trend, tend to fail. MT Pandora's Box indicates that buyers are currently accumulating and planning for another upward movement, which could lead to a short squeeze and potentially push the price to the range of 2200 to 2400.
Although our initial prediction for a significant drop in ETH was $800, *click to read*
we realized after our short from 2k that there is a possibility of a bounce at the current support level, with a chance of up to 65%. Market makers who plan to short will likely first buy at this level and then drive the price slightly above the previous high. The duration of this situation and capital accumulation will determine whether this lasts until November or December 2023. However, we believe the best opportunity to short Big on ETH to below 1k will be by then, In the short term, we anticipate a bounce at the current support level, but we remain bearish overall. I am personally buying some ETH here to take advantage of the unseen hidden buyers' pull-ups, and then I plan to switch to a short position at 2400. It's important to remember that price is still range-bound, so rejections and failures are common in such situations. Here are some key resistance levels to consider, as they could lead to significant reactions from sellers:
Resistance Area 1 (Bear Barrack): 1850 to 1865
Resistance Area 2 (Bear Barrack): 1930 to 1950
Resistance Area 3 (Bear Barrack): 2000 to 2140 (most stubborn)
Since failures are likely when the price is stuck in a range, we will regularly update this post to keep you informed about the next actions as the price unfolds and the buyers' reaction to these resistance areas, whether the upward movement will continue or fail. Market makers move in mysterious ways, so it's important to note that the chances of ETH dropping instead to a much stronger support at 1620 is still not completely gone and still stand at 35% and should not be totally ignored as this will be a simple Bull hunt to gather liquidity to hunt Bears this is why we recommend buying in pieces
ETH Bulls Vs. Bears Battle Signal Updates:
#ETH LONG FREE TRADE SIGNAL
ASSET: EETH/USDT
ACTION: LONG
1st ENTRY PRICE: $1730, $1738, $1744
STOP LOSS: 1610(much risky but tighter stop loss but can easily get hunted is 1710)
1st TAKE PROFIT: $1850, 1865, 1945 (Extended TP: 2k, 2200-2400)
Disclaimer: This signal is provided for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries risks, and past performance is not indicative of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.
ETH Chart Analysis: According to MT Pandora's Box, ETH is expected to reach the range of 1850 to 1864 from its current range of 1724. The reason behind this projection is that the price is still trapped within a larger range on a higher timeframe. It's important to understand that most breakouts, like attempts to end a trading range and establish a new trend, tend to fail. MT Pandora's Box indicates that buyers are currently accumulating and planning for another upward movement, which could lead to a short squeeze and potentially push the price to the range of 2200 to 2400.
Although our initial prediction for a significant drop in ETH was $800, *click to read*
we realized after our short from 2k that there is a possibility of a bounce at the current support level, with a chance of up to 65%. Market makers who plan to short will likely first buy at this level and then drive the price slightly above the previous high. The duration of this situation and capital accumulation will determine whether this lasts until November or December 2023. However, we believe the best opportunity to short Big on ETH to below 1k will be by then, In the short term, we anticipate a bounce at the current support level, but we remain bearish overall. I am personally buying some ETH here to take advantage of the unseen hidden buyers' pull-ups, and then I plan to switch to a short position at 2400. It's important to remember that price is still range-bound, so rejections and failures are common in such situations. Here are some key resistance levels to consider, as they could lead to significant reactions from sellers:
Resistance Area 1 (Bear Barrack): 1850 to 1865
Resistance Area 2 (Bear Barrack): 1930 to 1950
Resistance Area 3 (Bear Barrack): 2000 to 2140 (most stubborn)
Since failures are likely when the price is stuck in a range, we will regularly update this post to keep you informed about the next actions as the price unfolds and the buyers' reaction to these resistance areas, whether the upward movement will continue or fail. Market makers move in mysterious ways, so it's important to note that the chances of ETH dropping instead to a much stronger support at 1620 is still not completely gone and still stand at 35% and should not be totally ignored as this will be a simple Bull hunt to gather liquidity to hunt Bears this is why we recommend buying in pieces
ETH Bulls Vs. Bears Battle Signal Updates:#ETH LONG FREE TRADE SIGNAL
ASSET: EETH/USDT
ACTION: LONG
1st ENTRY PRICE: $1730, $1738, $1744
STOP LOSS: 1610(much risky but tighter stop loss but can easily get hunted is 1710)
1st TAKE PROFIT: $1850, 1865, 1945 (Extended TP: 2k, 2200-2400)
Disclaimer: This signal is provided for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries risks, and past performance is not indicative of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.
Note
Congratulations on Hiting 1st TP and 2nd TP on our ETH LONG 
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