Friends, I took a look at the #ETH chart and I wish I hadn't... It is literally screaming "I will deceive you up and then crash down" unless 2.830$ is broken. If this rise is named "Fake Pump Season 2"
They might take the liquidity above and get everyone excited saying "the bull is coming" and then suddenly throw a wick into the 1.382$ manipulation zone (they will rip our hearts out here, just so you know)
There is a band range of 2.050$ – 2.440$ in between but...
This is also the area where the market says "well, we've come this far, let's linger here a bit."
Will a bull come? If 2.830$ is BROKEN - if it stays above - and volume comes in
Then the targets in order are
– 3.493$
– 4.582$
– Maybe 5.200$ and above... (but until that day comes, we will see a gravestone 20 times)
So what if we crash?
If 2.830$ is not broken, everyone goes long... Then bam! A surprise. They will throw a wick into the "Red Manipulation zone" at 1.382$, and we will all be in a corner crying "why did I sell?"
So friends, in summary, either we break the trend and become bulls for the lows, or they won't leave us any organs with a needle!