ETH is still under saller pression, but it is forming a nice broadening descending channel that could break up , but down as well, as per my previous idea i keep on shorting, will long only when i see a sign of reversal that i really do not see at the moment, so good spot for shorting are in order the first at rejection of broadening wedge, second rejection at DO and third rejection at MH, pay attention that i am underlying rejection as ETH could either break up without rejection so the short opportunity will be invalidated; RSI 15 and 30 M are overbought but 1H and 4 H are oversold, so i would live open a pullback down to reset 15 and 30 min but i am not confident until i see a rejection somewhere at the 3 different resistance levels, so waiting at the moment and check if there will be a pullback down or a move up when will face the first resistance line
Trade active
Note
Trade closed just a small profit on rejection at DO 1328 to 1322, want to wait a little bit and be out of the marketTrade active
short again at 1336 small position see if the wedge break to the downsideTrade closed manually
Trade closed at 1315 with a 21 usd dollar profit, good entrance at the right point to the next one
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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.