ETHBTC - Downtrend
In the daily graph, yesterday and today the price action of the ETH/BTC is closing under the moving average 200 days, a signal can means more decreases in the price in the short term.
In the 60 minutes chart, I see a strong bearish action in the last 5 days, and all the moving averages are converging in a clear downtrend path.
Strategy: wait for corrections around 0.075 to add short positions.
In the 60 minutes chart, I see a strong bearish action in the last 5 days, and all the moving averages are converging in a clear downtrend path.
Strategy: wait for corrections around 0.075 to add short positions.
Note
This trade has made 8% profit since it was published. The downtrend prevails.Trade closed: target reached
The downtrend was even more aggressive for Ethereum, making the trading very profitable.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.