Recently, an interesting phenomenon has been observed—the probability of bearish candles is increasing. The price has been oscillating above the resistance level, and a clear sideways consolidation pattern is evident. Although the short-term bullish pin bar has performed well, essentially it has absorbed a wave of chips, and the momentum is lacking.
Based on the current pattern, Monday is very likely to be a good opportunity for a bearish move. It depends on the specific levels tomorrow, but overall, the trend seems more likely to move downward.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
4
Repost
Share
Comment
0/400
StablecoinArbitrageur
· 8h ago
actually, the order book depth at resistance is telling a different story—classic liquidity mirage. you're watching price action when you should be analyzing the 30-day rolling correlation with btc dominance, ngl.
Reply0
NFTPessimist
· 8h ago
After such a long sideways movement, we're just waiting for Monday to break the level. Once the chips are absorbed, it's a signal to dump the market; I've seen this routine too many times.
View OriginalReply0
SwapWhisperer
· 8h ago
You're just there accumulating chips again, really causing trouble.
View OriginalReply0
New_Ser_Ngmi
· 8h ago
It's been consolidating for so long, it's about time to move. Short positions looked really comfortable on Monday.
#数字资产市场动态 $ETH
Recently, an interesting phenomenon has been observed—the probability of bearish candles is increasing. The price has been oscillating above the resistance level, and a clear sideways consolidation pattern is evident. Although the short-term bullish pin bar has performed well, essentially it has absorbed a wave of chips, and the momentum is lacking.
Based on the current pattern, Monday is very likely to be a good opportunity for a bearish move. It depends on the specific levels tomorrow, but overall, the trend seems more likely to move downward.