Taken a short once again on $ETH
Reason:
- Taken out mondays low since then, rejection from the mid range
- Unable to reclaim the mid range after
- Price holding at support but for each bounce on support, support gets weaker
- Monthly close coming up so expecting a wick of the month
-HTF rejection from 2022 highs
Target
Yearly Open
After that we resume bullishness
$ETH
Right now we're stuck within Mondays range
For this to be valid, lose Mondays low + loss of trendline = short
Until then, just watching it closely
Two things about $ETH monthly chart:
- If we can't close above the highs a pull back to yearly open is normal
- 2 days 11hrs left for the close so it's natural to create the wick of the month
$ETH
Right now we're stuck within Mondays range
For this to be valid, lose Mondays low + loss of trendline = short
Until then, just watching it closely