ethereum bear flag short to $755
Updated
macro factors:
federal reserve quantitative tightening
money being sucked out of most markets
technical factors:
being supported on a grind line with each bounce being sold off more and more aggressively.
this confluences with the price action we see on many different alt coins, ADA especially which broke its descending triangle to the downside.
technical target: USD 755
stop loss : USD 1347
good luck and namaste
federal reserve quantitative tightening
money being sucked out of most markets
technical factors:
being supported on a grind line with each bounce being sold off more and more aggressively.
this confluences with the price action we see on many different alt coins, ADA especially which broke its descending triangle to the downside.
technical target: USD 755
stop loss : USD 1347
good luck and namaste
Trade closed: stop reached
stop loss triggered. short trade closed and opened a long position.
took a small managed loss
this could be bottom for now
namaste
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