Technical analysis by EagleBat about Symbol ETH: Sell recommendation (12/19/2024)

With the crash that occurred yesterday in Ethereum, an ENDING CHANNEL has been formed. Although it is positive in the medium and long term, there is a high probability of a drop to the blue support zone in the short term. From this region, I am taking a short position with a stop inside the channel, with the middle point of the channel below being Tp1 and the blue band support being Tp2. I will stop when there is a volume entry into the channel. This is an educational note for myself. It is not a buy, sell, hold advice to anyone. Those who listen to me will lose.