ETHUSD Analysis.Trade Alert: ETHUSD Bearish Reversal Patterns 🚨
We have identified multiple bearish signals in ETHUSD, indicating a potential downturn:
Head & Shoulders Pattern 👤
Double Top Pattern 🔃
RSI Bearish Divergence 📉
Entry Point:
Place a sell stop at the break of the Higher Low (HL), specifically at the neckline of the Head & Shoulders and Double Top patterns.
Target Prices (TP):
TP 1: 📊
TP 2: 📊
Stop Loss (SL):
Initially, place your stop loss above the Higher High (HH).
Once the Head & Shoulders pattern completes, adjust the stop loss to be above the right shoulder or above the Lower High (LH).
Trade Summary:
Sell Stop: At HL break, neckline of H&S and Double Top
TP 1:
TP 2:
Initial SL: Above HH
Adjusted SL: Above right shoulder or above LH after H&S completion
Technical Indicators:
RSI is showing bearish divergence, further confirming the downtrend potential.
Trade Type: Short Swing 📉
Good Luck! 🍀
Stay informed and trade smart! 📊