Team Sparkster doesn't usually visit the 15-minute time-frame. SparksterSignals don't normally achieve high expected ROI due to the random-walk volatility at that granularity.
However... the market is at a major cross-road to decide if the 2018/2020 bear trend is truly over... or if the market is still weak as short traders take advantage of FUD and push prices down again.
Here on the 15-minute chart we can see recent trading ranges, with price now squeezing against the $380 level which we have mentioned numerous times in the past week or so.
To re-state:
Consolidation ABOVE $380 signifies a long-term change in market sentiment to a major bullish situation.
Traders will be watching like hawks for short position opportunities or long positions before ETH rallies.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
However... the market is at a major cross-road to decide if the 2018/2020 bear trend is truly over... or if the market is still weak as short traders take advantage of FUD and push prices down again.
Here on the 15-minute chart we can see recent trading ranges, with price now squeezing against the $380 level which we have mentioned numerous times in the past week or so.
To re-state:
Consolidation ABOVE $380 signifies a long-term change in market sentiment to a major bullish situation.
Traders will be watching like hawks for short position opportunities or long positions before ETH rallies.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
