Bearish Rising Wedge!!! Ethereum nice analysis
Updated
Waoh, we see a beautiful trade position. So guys, as I mentioned in Bitcoin, I closed up the position on Ethereum/Dollar today because Ethereum was formed a bearish risign wedge and right now, we see that Ethereum it's so bearish toward the $1,000 USD again before to continue up to touch the maximum history price that are $1,400 USD. Now, in H2 timeframe there's an interesting good opportunity to short Ethereum to find down approximately 17% of earns if I compared this with using the barish rising wedge base to measure it and know the forecast average.
In H8 timeframe we see that Ethereum for far away it's turn more bearsih and then, we can to find up a good opportunity of trades. So, in that case I like to analyze a lot Bitcoin and Ethereum as my principal pars of cryptocurrencies.
And in Daily chart, we hope a correction as we see in short term at H2 timeframe.
So guys, I put a sell order limit at $1,250 USD with a SL at $1,320 USD and obviously my target will be the $1,050 USD, and that it's it based in my critical point of support to look out.
Guys, if you like htis idea, please give me a live, hand up and repply this information for others traders to have another different idea to share it.
In H8 timeframe we see that Ethereum for far away it's turn more bearsih and then, we can to find up a good opportunity of trades. So, in that case I like to analyze a lot Bitcoin and Ethereum as my principal pars of cryptocurrencies.
And in Daily chart, we hope a correction as we see in short term at H2 timeframe.
So guys, I put a sell order limit at $1,250 USD with a SL at $1,320 USD and obviously my target will be the $1,050 USD, and that it's it based in my critical point of support to look out.
Guys, if you like htis idea, please give me a live, hand up and repply this information for others traders to have another different idea to share it.
Order cancelled
As I predicted. Its was ok. Nust that Ethereum dont touxh my selll order limit. But very well for Bitcoin that I get my profit. But not bad,at least my work wae nice.
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