ETH is close to a local top.
I expect an impulse to around 1700 before heading down.
1D MA200 and Macro trend will act as areas for selling.
Good Luck
I expect an impulse to around 1700 before heading down.
1D MA200 and Macro trend will act as areas for selling.
Good Luck
Note
Descending trendline
Note
So far on track. Watch daily candle close for confirmation of a pivotNote
There may be a push to test Macro trend/ MA 200 - there watch for reactionTrade active
SHORT ETH from $1675
Note
S/L updated to $1630Trade closed: stop reached
50% retracement is at $1642 - I have added more SHORT here and will DCA above it.
Trade active
SHORT entry is complete: Average entry is at $1651Note
S/L to $1615Note
S/L to $1585Trade closed: stop reached
I will watch to SHORT again.
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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.