Eth update: We shorted near the peak at 1845u, and the recent dip just hit the support at 1670u. We managed to take profits perfectly at our target of 1680u. Due to the holidays, I didn't flip back to long again.
However, the price has already touched support and is also at the lower edge of the triangle pattern, so there's a high probability of an upward breakout in the short term. It's worth considering entering a long position around the 1700-1680 support zone. If our short-term prediction holds, we could see a strong bounce, so let's wait for a pullback and then jump in for a long.
However, the price has already touched support and is also at the lower edge of the triangle pattern, so there's a high probability of an upward breakout in the short term. It's worth considering entering a long position around the 1700-1680 support zone. If our short-term prediction holds, we could see a strong bounce, so let's wait for a pullback and then jump in for a long.