ETH has very high momentum at this time. The swift high momentum move we saw in ETH in the past 24hrs is showing us the overall momentum. Any negative news will move the price lower in a similar manner. I suspect that the week won’t close in the green. Most likely will drop down to the support and then make its way back down to retest the stronger support at the bottom. If ETH fails to test the upper triangle, we know there is much more energy left towards the downside, and it just might even break the stronger support at the $2500 level. This isn’t a signal from my system for ETH because at this time it’s not displaying any displacement in momentum. However, BTC is displaying a momentum reversal.

Caution against those who are predicting a long move. This could be a bull trap.

If you have enjoyed my highly accurate predictions based on the momentum-based system that I’m developing, please like and follow me to show me your support so that I’m motivated to continue posting. I just might share more of what I’m working with the community here with your support 😉

—————————————————————————————-
Disclaimer: Please trade carefully and don’t take this as trading advice. Use your best judgment and a sound trading system with stop losses etc to minimize your risks. The information and publications are not meant to be and do not constitute, financial, investment, trading, or other types of advice. This is strictly for educational purposes only.