Bearish arguments
- Big red bearish candle on previous D1
- Symmetrical triangle / bear flag
- RSI very bearish
- Measured objective measures perfectly to previous lows
- Recent false break of downtrend
Weekly chart
The weekly picture looks very good at the moment, however there is still 36 hours until the close of the weekly candle, so this cannot be taken for granted yet. Provide price closes below 130 on the weekly candle, then the weekly chart looks very attractive.
- Big red bearish candle on previous D1
- Symmetrical triangle / bear flag
- RSI very bearish
- Measured objective measures perfectly to previous lows
- Recent false break of downtrend
Weekly chart
The weekly picture looks very good at the moment, however there is still 36 hours until the close of the weekly candle, so this cannot be taken for granted yet. Provide price closes below 130 on the weekly candle, then the weekly chart looks very attractive.
Trade active
Position opened at 125.5Note
Weekly chart close confirmed below trendline with bearish engulfing candle. Should be some good downside from here. Note
Sorry, that previous chart wasn't clear. Here's a better one....Trade active
Opening a second ETH short position at 116.9Trade closed manually
22/11/2019 - Closed manually at 116.75
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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.
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.