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Ethereum / TetherUS
Short
Updated

Short ETH

735

ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF.

RSI's trendline was also broken which increases the probability that prices will continue the down direction.

In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this trade.

Here below is the view in 1W TF:

snapshot



Trade active
TP1 $1220 was hit.
Trade closed manually
BTC and the whole market is strong. Better close trade here and wait for a reactivation later.
Trade active
Trade reactivated
Trade closed manually
Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)

snapshot
Trade active
BTC is weak although stock has risen.
Trade closed manually
Trade closed waiting for better entry and condition.
evasivesteering
Also on:
Bearish FlagETHFlagSupport and ResistanceTrend Lines

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.
Bearish FlagETHFlagSupport and ResistanceTrend Lines
evasivesteering
Also on:

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.