I'll be honest, I don't know a lick about TA.
BUT, chart bros like @IamGrxxt are telling me things are currently bearish on most timeframes, including the weekly.
And macro lads like @zerohedge have reminded us that September is historically one of the worst months for equities during election years.
SO, if you want to participate in Short September, I'd like to remind you, you can be paid to do it.
I.E., there are still some last-minute incentives being pumped out on Arbitrum and Optimism, and @Contango_xyz has aggregated them for us.
Here, you can see at 2.5x leverage on $ETH, shorts are being paid:
• 18.6% APR on Aave on OP
• a whopping 24% on @SiloFinance
Now, AGAIN, I am not a technical analyst. I'm just a guy who helps people maximize their yield while expressing their thesis.
Finally, while I do have a hefty portion of my portfolio in current Contango/Silo positions, I am an ambassador for both protocols. So please know my bias.
P.S., PLEASE RESEARCH AND UNDERSTAND LIQUIDATION PENALTIES OF THE UNDERLYING MARKETS AND CONSIDER STOP LOSSES IF USING LEVERAGE.
NFA, GLHF, CNN, MSNBC, TTYL