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Technical analysis by Tr8dingN3rd about Symbol ETH: Sell recommendation (3/18/2025)

https://sahmeto.com/message/3357709
Tr8dingN3rd
Tr8dingN3rd
Rank: 2764
2.1
Sell،Technical،Tr8dingN3rd

First there was the Double-Top.Then there was no higher close above the last 2 highs, pressing ETHUSD brutally down to fullfill the Medianlines Rule to reach the Center-Line over 80% of times.Then price not only reached the Center-Line by breaking through the slanted green support, but also cracked through the weekly horizontal Base (grey) which acted as the last support Bastion.There are two scenarios possible.a) a pullback, jump above the CL and we will see a moonshot.orb) price is retracing the Center-Line as it does most of the time after it's break, and then continues to the downside. Target would be the Lower-Medianline-Parallel.

Translated from: English
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Signal Type: Sell
Time Frame:
1 week
Price at Publish Time:
$1,902.21
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