Crypto Crown ™

27 Oct 2022 23:47

📶 ETH/USDT 8H

https://www.tradingview.com/x/QYKrbBn0/

I think there is still possibility that Ethereum will have strong correction until $1000 ~ $1100 area, and there are two scenario about Ethereum right now.

First, we can expect another leg down from now on immediately.
Price already reached the resistance zone, and it can start another movement.

However the momentum is too strong, so it can make new high again before another leg down.
In this case, around $1800 can be opened, so taking short position now can be dangerous.

I don't think now is time to feel FOMO.

By @CryptoCrownTM