Here is a perfect short oppertunity for ETH, since we have formed a wonderful pattern within the retracements, ETH is to be expected to soar lower to ultimate target 100% projection and its 50% retracement level on the 4 hourly.
We expect therefore a target around 860.
This pattern is formed due the double top forming from the 38.2% towards its 14.6% and 9% level.
We shorted ETH from its 14.6% however, I was a bit late, I do still believe entering this transaction will benefit. Risk reward from current level is around 1.12.
Stops are set above the 0% level, wich is obvious!
.
We expect therefore a target around 860.
This pattern is formed due the double top forming from the 38.2% towards its 14.6% and 9% level.
We shorted ETH from its 14.6% however, I was a bit late, I do still believe entering this transaction will benefit. Risk reward from current level is around 1.12.
Stops are set above the 0% level, wich is obvious!
.
Follow my Daily Crypto livestreams on Twitch;
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
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.
Follow my Daily Crypto livestreams on Twitch;
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
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.