Has Ethereum set a Bull Trap for us ❗️❓🗑🦇

Today I have prepared for you different Ethereum scenarios for the coming days.🔜

Let's start with trading volume.

If you look closely at my Ethereum chart, you will see that the heavy support zone currently on the chart, called the heavy resistance zone has been broken by long-bodied, red, high-volume candles. But in this one month when Ethereum has seen an upward trend, a significant volume is not visible in the chart; although Ethereum was able to break the heavy resistance zone, but is it possible that Ethereum has made a trap(bull trap) for us or not❗️❓

Stay with me in the rest of this post to answer the above question.😊

As you can see in the Ethereum chart, Ethereum is moving after breaking the heavy resistance zone and important downtrend line and SMA200 in PRZ(Price Reversal Zone), so it seems that the D point of bearish 🦇bat🦇 harmonic pattern is formed in PRZ and TRZ(Time Reversal Zone).

Also, w can see the end of movement in the StochRSI indicator.👇


Therefore, I expect Ethereum to at least return to the heavy resistance zone and the important downtrend line and SMA200. And since Ethereum has not seen a certain volume in this one month, the possibility that Ethereum has set a trap for us (bull trap) is very high (most of the tokens are active on the Ethereum network, so take care of your portfolio in the coming days).

Ethereum Analyze ( ETHUSDT ) Daily Timeframe ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

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