Short

Short ETHUSD

Updated

Multiple analysis to take the decision to the downside. The Ethereum is below the 50 days moving Average in 4h frame. The las movements were impulse for the donwside. Also there is a Negative divergensi on RSI. The 380 price is a strong resistance and coincide with the .382 fibonnacci from the last movement. The target is 300 ~ 290 zone where I expect to buy.

Good Look

Trade active

Open Short Position at 373

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Adding new possition at 379

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Moving SL at 382

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The Ethereum needs to break below the triangle to confirm the movement to the donwside. Instead. A close above 381 and we assume a new highs will come

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Great movement for the downside. Taking some profits, and expect to reach te 280 ~ 300 target

Trade closed: target reached

richard7_

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