Like its big brother the Bitcoin, the ETH is correcting violently (-10% this Tuesday and -30% since the Bitcoin ATH).
However, we've reached a very interesting zone!
We're approaching the OTE zone, where EQLs to be liquidated are first present.
We then have a daily Order Block at $2400.
I'm therefore short ETH up to this OB, then I'll wait to see how the price reacts to it before deciding on my next positions.
Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think!
Good trading and have a good week :)
However, we've reached a very interesting zone!
We're approaching the OTE zone, where EQLs to be liquidated are first present.
We then have a daily Order Block at $2400.
I'm therefore short ETH up to this OB, then I'll wait to see how the price reacts to it before deciding on my next positions.
Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think!
Good trading and have a good week :)