ETH has been making consolidation / flag for another short setup.
Short the breakout of this corrective.
It can break down from here or make another impulse then breakdown.
Short the breakout of this corrective.
It can break down from here or make another impulse then breakdown.
Note
Made a wave up and some consolidation. Expecting this to get around 245-250$ before it turns around. Note
Correction is gonna take a while, watch this breakout for a long to retest the previous high ($260 atleast. I wouldn't be looking for shorts until then.
Remember to move your stops to breakeven we are still in consolidation. Take profits regularly don't get chopped in this market.
Corrective patterns can become very complex.
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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.