Short

ETH bearish momentum 1H

Updated

ETH broke the 700 support. After some consolidation candles, and a brief upward retracement It should be headed downward to 650 support.

All indicators and MAs showing in the picture are downtrending.

Once bears are exhausted, we should see an uptrend again from point 1, to point 2, possibly until point 3.

Note

ETH price is approaching the 650 support, where we should see condensation.
For now, shorting is going as planned

Trade active

Sorry for making another ETH idea, I'll be updating the main chart idea:

Trade closed manually

Stop reached

ertetris

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