$ETH H12 Bearish Idea
• Market already dipped -8.24% from its local HH, hence, I did not consider the manipulation that occurred yesterday.
• Seeing a rejection from H12 Be-OB, falling back to its flipped 25% key support trendline, teasing a possible entry on the 24% Fib level.
• TFO curving down from extremely overbought zone, drawing a potential drop towards neutral area with more selling pressure.
• Could still be highly invalidated since market is trading above bullish NT, and highly above the EMA200.
• Predicting a bounce on the VAH if it falls further.
Key break points to WOF:
• $3499.58
• $3421.53
• $3251.27