Ethereum had several chances to have a bullish continuation of the last dump but failed all of them (as you can see in my other chart that was bullish on Ethereum). Now, it had 2 pennants and a medium term pitchfork - all of which have been broken downwards. We could potentially see Ethereum plunge straight through the 200s now.
Entry - $275-325
Target - $175-225
Stop loss - $301
Good luck!
Entry - $275-325
Target - $175-225
Stop loss - $301
Good luck!
Note
Well this is going quickly.Trade active
We're now in the target zone. Take profits wherever you see fit.Note
Trade closed manually
I bought back in at $222 after it started showing some strong signs of recovery (namely 2H hammer candles).
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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.