Ethshortsetup
ETH/USD short ETH/USD is forming a nice symmetrical wedge or an HVF.
With the overall macro trend being bearish at the moment, this looks like a good short. With two different targets set (pink lines), I plan to take some profit (50%) at first target and another (50%) of my order at the last target if this breaks the red line support line.
The last target at about $208 has a Key Level of Significance. The target happens to be at the same exact destination that a strong support/resistance line intersected ETH several times a few months ago and looks like its going to have a strong significance during this down trend.
With the psychology of round numbers coming in, I intend on taking profits a tad bit before these targets hit just to secure the money bag.
Remember to have your stop losses set just incase this trade does something unexpected because no trade is every 100% guaranteed!
This trade shows a good RRR of about 3.5 and also shows a good percentage in return if prices hit target.
ETH/USD - Longer timeframes signaling down; 4H support holdsChart is Heffae Clouds 4Hour (left) and 8Hour (right)
I added arrows to highlight signals you may trade on with the cloud SnR paths.
The "target" on the current 4H candle is the RealTime Additive, which is a trend indicator, and can act as resistance here if the trend is to continue down.
The 8Hour has signaled a drop out of cloud bottom, which is bearish.
Soon price will interact with the Daily:
Pictrued is both alternate path preset 1,1 as well as default settings (0,0)
Targets 210 -206
ETH/USD - H&S pattern on 1h - Target $490Hey everyone,
I'm spotting an ongoing Head & Shoulder pattern on ETH.
Based on measure rule it shall bring us to the the 1.618 fib price retracement at $490.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
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Ethereum RISING WEDGE Opportunity [ETH/BTC]All notes on chart.
ETH/BTC Short.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
Xander~