Artisco
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$ETH
Assessment of the early month dump (up to 3428). Just as I mentioned yesterday, 3670, the round bottom is not a strong bottom, but the dump reset was a bit too early, completely unexpected.
1. Price Structure:
H4: 4 consecutive red candles have completely broken the middle Bollinger band, closing strongly below the MB → a sign confirming the breakdown.
H1 candle: The red candle closing the dump has strong force, but the subsequent green candle is small, not following strongly, just a technical reaction after a deep drop.
2. RSI & KDJ:
RSI H4 = 23.75: Conclusion is entering the oversold zone but there is no clear divergence yet.
KDJ H4: J = 11.33, K/D has not crossed: Conclusion indicates there is still potential downward force if there is another breakdown.
KDJ H1: J just crossed up, but D is not in phase: Conclusion is that recovery is not certain.
3. Volume – OBV:
The recovery volume on H1 is weakening, the last green candle is only about 60–70% of the dump candle.
4. EMA: Both EMA9, 21, and 99 on H1 & H4 are all strongly sloping down → the trend is still downward.
The price has not tested any EMA: Conclusion suggests there will likely be a technical rebound touching EMA before continuing the downward trend.
🔍 Conclusion:
🩸 This is a real dump – systematic, not just a light trap.
⛔️ Should not Long early without signs of large spring volume or an unexpected short squeeze in a small timeframe.
🤖 MM is likely still checking for confidence and absorbing weak Long orders.
- If there is a pullback to EMA9 H4 (~3620–3640) and then a strong red -→ Short follow will be safer.
- If a 1m – 5m spring appears with strong negative funding flip -→ may enter 20% Long for exploration.
- For Long-Spot traders, rest assured for a pump back to break the peak after a large dump like this, at least on 15m or H1 there will be a sideways zone with strong forces, along with a strong short squeeze, so do not rush.
Assessment of the early month dump (up to 3428). Just as I mentioned yesterday, 3670, the round bottom is not a strong bottom, but the dump reset was a bit too early, completely unexpected.
1. Price Structure:
H4: 4 consecutive red candles have completely broken the middle Bollinger band, closing strongly below the MB → a sign confirming the breakdown.
H1 candle: The red candle closing the dump has strong force, but the subsequent green candle is small, not following strongly, just a technical reaction after a deep drop.
2. RSI & KDJ:
RSI H4 = 23.75: Conclusion is entering the oversold zone but there is no clear divergence yet.
KDJ H4: J = 11.33, K/D has not crossed: Conclusion indicates there is still potential downward force if there is another breakdown.
KDJ H1: J just crossed up, but D is not in phase: Conclusion is that recovery is not certain.
3. Volume – OBV:
The recovery volume on H1 is weakening, the last green candle is only about 60–70% of the dump candle.
4. EMA: Both EMA9, 21, and 99 on H1 & H4 are all strongly sloping down → the trend is still downward.
The price has not tested any EMA: Conclusion suggests there will likely be a technical rebound touching EMA before continuing the downward trend.
🔍 Conclusion:
🩸 This is a real dump – systematic, not just a light trap.
⛔️ Should not Long early without signs of large spring volume or an unexpected short squeeze in a small timeframe.
🤖 MM is likely still checking for confidence and absorbing weak Long orders.
- If there is a pullback to EMA9 H4 (~3620–3640) and then a strong red -→ Short follow will be safer.
- If a 1m – 5m spring appears with strong negative funding flip -→ may enter 20% Long for exploration.
- For Long-Spot traders, rest assured for a pump back to break the peak after a large dump like this, at least on 15m or H1 there will be a sideways zone with strong forces, along with a strong short squeeze, so do not rush.
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