What happens if ETH breaks the Support / EMA?
Hello fellow traders. Another ethereum chart here~
What happens if we break the support ?
Short opportunities! There needs to be significant selling volume, the trades need to be executed as stated selling off before heavy zones off support as there will be small bounces / big bounces that could trigger a reversal.
Breaking the 400 EMA would be bad in terms of ETH's price, but good for us because bitmex exists.
Trade opportunity presented, RSI states BTC is currently not oversold, meaning this supports the idea for potential downside.
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PM me.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
Thanks for reading, a follow on tradingview and a like would be greatly appreciated.
1k followers ~ FACE REVEAL
Xander
What happens if we break the support ?
Short opportunities! There needs to be significant selling volume, the trades need to be executed as stated selling off before heavy zones off support as there will be small bounces / big bounces that could trigger a reversal.
Breaking the 400 EMA would be bad in terms of ETH's price, but good for us because bitmex exists.
Trade opportunity presented, RSI states BTC is currently not oversold, meaning this supports the idea for potential downside.
Want to join a private trading group?
PM me.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
Thanks for reading, a follow on tradingview and a like would be greatly appreciated.
1k followers ~ FACE REVEAL
Xander
Note
If there is a bullish engulfing past 82700 this can be seen as a long opportunity bounce, will update with some parameters there soon~Note
SUPPORT BROKENote
EMA, support, and below trend line haha.Trade closed: target reached
First target reached. Risk reward 2+, profits taken!Note
Dont trade current position, buyback is strong.Note
I lied, buyback was not strong, it looked alot stronger on my phone haha- now I'm sat at my laptop i think this was a good postion to be in but nothing worth getting in now.Trade closed: target reached
2nd target reached~Trade closed: target reached
3rd target reached. Crazy volatility!
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