🛑📢ETHUSDT is a big dump🤯‼Will the bearish expanding triangle pattern work😬 $ETH USDT important update...
✔✔How are you all. So, as always, today I bring you an important update. This is very important for traders who trade in short time timeframes. So, I found several reasons why ETH could go bearish while analyzing. So what kind of dump will this be, how much will it be? Let's talk about everything that can happen. All the charts related to this are below. If this is important to you, support us using the Tip option below.
🔸So ETH is getting ready for a dump by now. So I found the bearish order block that caused this on the 2 hour chart. So we can take this order block as valid. That is, the order block has started to go down again after creating a wig that brakes it. I have marked the wig in yellow. So many traders have done sell entry stop loss hunt here. This is a big confirmation for us that ETH is going down. ETH is now at $3,633. There is a big chance of a gain of (-6.27%) from here. This is what I analyzed with the smart money concept.
🔸So from a technical perspective, you can see how a bearish expanding triangle related to reversal patterns is working here. So far, the resistance line of this pattern at $3,624 has been braked by a bearish candle. So, for someone to take a sell entry on this, they have to wait for a retest and return to the RES line. You can take an entry on this from both the entry points I have given. As it goes, ETH can fall to a price of $3,396. The 15 min bullish order block there can pump it again. So this is an opportunity for futures traders to go for an ETH sell entry. Comment your thoughts on this below. Also, follow us to get updates like this frequently. Have a good day everyone.