The trend has returned bearish on intraday charts, and the pair has triggered a strong dowtrend, after consolidating within the channel. Our idea about a potential bearish impulsive structure (i-ii-iii-iv-v) seems to be correct, and if the pair has completed a sub-wave (3), some technical rebound in the near term is likely, will probably develop something as a (abc) or (abcde), in the direction of wave (4), let's see!
At the moment, our view is still bearish.
If you think this analysis can be useful, leave a your comment or your AiLike!
Thank you for support and trade with care!
SETUP (short)
![[ETHUSD] BEARISH LEG?](https://s3.tradingview.com/2/2S48MKY0_mid.png)
FIRST STEP
![[ETHUSD] TECHNICAL STRUCTURE](https://s3.tradingview.com/p/P8eKMgPK_mid.png)
At the moment, our view is still bearish.
If you think this analysis can be useful, leave a your comment or your AiLike!
Thank you for support and trade with care!
SETUP (short)
FIRST STEP
Trade closed: target reached
...more fast!Note
Note
Note
What is the best price to buy Ethereum? Maybe later, we will publish an update...Note
Trade closed: target reached
TARGET 3 HIT!Note
![[EW COURSE] IMPULSIVE WAVES SETUP](https://s3.tradingview.com/x/xhmgM5lk_mid.png)
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Related publications
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.