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Ethereumbearish

Ethereum - Expecting Retraces Before Prior Continuation LowerH1 - Bearish trend pattern in the form of lower highs, lower lows structure. Strong bearish momentum Lower lows on the moving averages of the MACD indicator. Expecting retraces and further continuation lower until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:ETHUSDShort
by VladimirRibakov
SELL Ethereum!! Eth H&S Pattern Confirmation. Bears in Control!This chart is pretty self-explanatory. Head and shoulders pattern has completed and with current Macro-Economic conditions worsening and tightening, I guess this truly was one of those, "Buy the rumors, sell the news" events with the Ethereum Merge. Not only this, but we are consistently trending down, making a series of lower highs and lower lows. The trend remains intact and very strong. I thoroughly expect us to double bottom or even make a new low on Ethereum. The time frame for when this happens remains to be seen. My take profit Targets on my short are $1000 - $880 for 75% of my position. I will hold this position into a new low if that occurs. This will be my position on the markets until we print a new higher high and a breakout on Ethereum above $2,050 will prove this theory wrong.
COINBASE:ETHUSDShort
by RookInvesting
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