ETH is bearish inside a descending wedge , i preferred salling 1450 to 1410 or 1362 , but as ETH is inside a descending wedge it coudl either break out to 1505 so i would be cautious on shorting at this point and eventually doing it with a very tight stop; i would not buy a break out of the wedge as it could be a false break out, i would still preferred to short the break always with tight stop, dollar is starting the week strong, but it could pause so the trade is still shorting but with cautious
Note
ETH is tryng to break the wedge waiting for NY open to open a tradeNote
ETH broke the wedge, waiting on entering a trade, i am still on the bearish side but want to check if the move is just a bounce out of oversold area.
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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.