EthereumShort
ETHUSDT
Updated
Bearish divergence on the 4H TF. You can see the decline on the MACD and signal line with the histogram. Nice candle stick patterns that shows some exhaustion. If you want to take a short position i would recommend to wait till the MACD line crosses the signal line.
Minor support ~3200.
Strong support ~2450-2550
If the price makes a HH past 3550 the analysis will be invalid.
Minor support ~3200.
Strong support ~2450-2550
If the price makes a HH past 3550 the analysis will be invalid.
Trade active
We've reached the S&R zone @ ~3200. If this minor support zone won't hold we can see some support ~3000. When the price will break down this one i'll be looking @ the ~2450-2550 as a stronger support. Before we take any positions we need to analyse the current market situation by then.+70% profit with 10X leverage for those who opened a position. Move SL to 3352.
Trade closed manually
+130% with 10X leverage. Price is now supporting ~ 0,38 Fib. level. For those who opened a position and closed partially move SL to 3291.
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