History suggests this is a Bull Trap in the making
Eth just finished wave 3 of a bearish impulse, wave 4 will offer price relief to the upside over the coming days with a visit to $3250 - $3300 likely. Eth may even touch $3500 before wicking back down.
Wave 5 will see price action testing anywhere between $2300 - $2600 over the next couple of weeks.
Price needs to close above $3300 to invalidate this.
Previous cycles have seen a capitulation at the end of wave 5 which could see a wick below $2,000, this is followed by a reversal.
Blockbullder
Wave 5 will see price action testing anywhere between $2300 - $2600 over the next couple of weeks.
Price needs to close above $3300 to invalidate this.
Previous cycles have seen a capitulation at the end of wave 5 which could see a wick below $2,000, this is followed by a reversal.
Blockbullder
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