lexcaraiginc

ETH possible next move. Trade at your own risk.

Short
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Goodmorning @everyone, here are my thoughts on ETH on a 4h chart ( Tue, Aug 31, 2021 @ 9:00AM PH Time)

- For this chart, I notice that ETH is starting to consolidate and having a hard time making another Higher High
- I also notice that the market is currently forming a wyckoff distribution which indicates a bearish movement in the future
- I marked the Recent Higher High to be a UTAD, and just waiting for a confirmation for a Test and Last Point of Supply
- With that, I personally think that the market is heading towards the down side.

That's it guys! Take care and Goodluck! NFA, DYOR and TAYOR.

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