Ethereum is currently trading under the 200ema showing me reason #1 to sell, head and shoulder pattern present (reason 2) with engulfing candle shortly after the 2nd shoulder (reason3) , overall structure looks to be a symmetrical traingle (reason 4) MACD line crossed over signal line with histogram turning green to red showing me more confluence to a short opportunity (reason 5)
Just my analysis, trade with discretion.
Just my analysis, trade with discretion.
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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.