With $ETH currently, we are looking for a drop base drop motion with the Supply/Demand zones noted off of the daily. There shows more pain to come with the popular altcoin with potential “soft landing” between 1K – $990 area.
Updated thoughts with levels on $ETH:
• drop base drop type motion based on long candles down
• below 200 ema
• lower lows lower highs continuation
• a “Smart Money” fake bounce to $1300 area from Demand Zone ($1115 – $1075 area) could be opportunity for a quick BUY scalp before the potential downtrend reversal.