ETH sale another rejection at 1354-1360

ETH still looks bullish but is back inside the old ascending wedge that is a bearish configuration most of the time, it is floating around R1 and between the old wedge boarder inside-out and a new support line, RSI is oversold on 15 M, curving down from overbought on 30M and overbought on 1H and 4H , this means that ETH could have a large pullback down or a small pullback down to maybe 1340-1337 where the support line is and than back up again try a second time the resistance at 1355-1360 ; I woudl enter a short position on rejection at 1354-1360 , always looking how BTC is moving and waiting for NY open and the FED speach outcome on the market

I TRADE HIGH LEVERAGE 5 TO 50 X NOT 1 : 1

IF I OPEN THE TRADE I WILL ADD A COMMENT TO THE IDEA

MY TRADING RESULTS
# 20 TRADE PROFIT IN THE ROW
86% WIN IN SEPTEMBER
37 WIN, 3 BE, 3 LOST
CHECK ON MY TRADINGVIEW ACCOUNT

Trade active

small 10% position short open

Note

probably was better to wait the factory order,but ETH looks a little bit overbought at the moment lets see

Trade closed manually

out with a small 4 US Dollar profit 1352 to 1348 , I preferred to stand on the side this time i almost lost my trade on the push up but now i am on the 21st profit trade on the row

giorgiovie

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.

giorgiovie