Short

Ethereum could plunge right through the 200s

Updated

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!

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).

i_c_d

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