Ethereum Short Idea - Downside Expected

BINANCE:ETHBTC   Ethereum / Bitcoin


Ethereum has failed to break above its previous Support level . Our predicted Bounce zone is highlighted in the blue box at around 0.066895 satoshis. From here we can look for possible long entries on Ethereum

Comment: Keep in mind, a possible re-test of Downtrend Structure is likely before a push down.

Comment: Ethereum, unable to hold its Support level has broken down as expected. If anyone held shorts from this analysis, congrats on the profits.

Patience well rewarded. We will monitor this Support level for a possible rebound.

Our telegram is in the Bio

Trade closed: target reached
Comment: Ethereum rebounded as expected off this level. We closed off our shorts and are currently looking for scalp shorts. We do all this inside our telegram!

Happy Trading!
Trade closed manually
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