It’s been a bearish weekend, and stock indexes look like they may print impulsive downside soon enough.
That may have a knock-on effect in crypto.
ETH looks like a slightly better short opportunity compared to Bitcoin.
There is now a very significant bearish whipsaw on the 3-day chart. That may represent a corrective mini blow-off top completing, which could signal the next wave down beginning.
Of course there are risks. ETH is already quite deep and it is not impossible that price could still make a slightly higher high.
But this may simply start slipping lower into a selling climax, which could offer substantial profit potential on the short side.
April 2025 support (or slightly above to front-run it) looks like a medium time frame area to take profit if price can reach that zone.
Not advice.
That may have a knock-on effect in crypto.
ETH looks like a slightly better short opportunity compared to Bitcoin.
There is now a very significant bearish whipsaw on the 3-day chart. That may represent a corrective mini blow-off top completing, which could signal the next wave down beginning.
Of course there are risks. ETH is already quite deep and it is not impossible that price could still make a slightly higher high.
But this may simply start slipping lower into a selling climax, which could offer substantial profit potential on the short side.
April 2025 support (or slightly above to front-run it) looks like a medium time frame area to take profit if price can reach that zone.
Not advice.
Trade active
Note
ETH bounced slightly, but the structure still looks heavy and the idea remains on track.First target remains the range support around $1747, which would represent roughly a 15% move from the short area.
Broker I use → Vantage vigco.co/la-com-inv/8g5DVv78 | Indices | Forex | Crypto | Metals | Shares | Commodities ✨
Private Group | $50/month 💡
Contact → t.me/dRends35
Private Group | $50/month 💡
Contact → t.me/dRends35
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.
Broker I use → Vantage vigco.co/la-com-inv/8g5DVv78 | Indices | Forex | Crypto | Metals | Shares | Commodities ✨
Private Group | $50/month 💡
Contact → t.me/dRends35
Private Group | $50/month 💡
Contact → t.me/dRends35
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.