Eth one more rip downwards before a small end of year rally?
Based on the number of times price has been rejected in the 1215-1225 range as well as volume profiles, i feel that we will have one more downward move before a move upward that will carry over into the next few days. After which i believe crypto will be ready for it's next leg down after the New year or perhaps even before. The reason why i believe it will have an upwards move after is based on historical data which shows that more often than not stocks and crypto rally near the end of the year for various reasons. This idea encompasses both technical analysis, trend analysis and fundemental analysis and i believe is likely to play out. Although especially in current market conditions anything is possible so stay vigilant and be prepared for anything. Personally im trying to short in the current price zone of 1215-1220 and am looking to start taking profits at the $1180-1160 area. At which time i believe the upward rally will begin.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.