A very simple descending triangle is forming on 4 hour chart. These have a high probability of success on ETHUSD and have played out many times in the past.
A 4h close bellow $115 will give us a target of $100
Short below $115
Stop at $117
Target $100
Good Luck!!!
A 4h close bellow $115 will give us a target of $100
Short below $115
Stop at $117
Target $100
Good Luck!!!
Note
Consider closing shorts in the $100-102 area
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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.
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.