Eth- I don't think 4k will hold

Started by OZER, Dec 13, 2021, 11:10 PM

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If you've read my analyzes, you know that I have "a problem" with an asset staying at support or resistance as an invitation to buy or sell and make money, as if it were so simple.
Is exactly Eth's case right now, with the price coming back to 4k for all of us to buy and make money, and if you remember, a week ago Btc stayed at 55k and...
I can be wrong this time, of course, but in 90% of the cases, these support/resistance fall eventually.
From a technical point of view, Ethereum is in a descending triangle pattern with this 4k base, and a daily close under could accelerate losses.
The first target for bears can be 3.5k low from the last week's sell of followed by 3k zone, strong horizontal support and the measured target for the triangle.
I will stay short as long as the price is trading under 4.3k
All content is for education purpose only, not financial advices.

how do i set up my fib to show how yours is??????

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Gotta say, you're levelling up my man.

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Bro could you do an analysis on eurusd would really appreciate it akhi

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Can you really trust 4 hr charts that much? Thanks for your s, Ive learned a lot from you.