Well, this weekly candle is shaping up to be a doozy. Bulls pushed euphorically higher all week only to learn their dreams of mewn town would instead prove to be the dreaded kiss of death. ETH perfectly kissed old support between 160-165 essentially confirming it as resistance and all but ensuring we see new crypto lows. If a weekly candle can open and close above old support I will flip to bullish, until then short the bounce.
Red Boar
Red Boar