Short opportunity

30 Nov 2022

Bull flag collapse into a bearish pattern i believe is highly possible in this scenario. It has taken an immense amount of volume and time for the 1200-1220 area to break to the upside and to me this is a sign of weakness. Unless extremely high volume is maintained i expect potentially a full retracement back to the breakout point around 1212. At that time depending on volume profiles, how fast the drop happens, stock market performance etc, then we can determine the next target for eth and whether or not this is the end of it's upwards movement in general before a huge capitulation for crypto.