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jaypazzi
Aug 18, 2022 4:54 PM

Ethereum ETH - Indicating upcoming price drop Short

ETH Perpetual Futures ContractBinance

Description

The price of ETH rises by a 100% in a period of 1 month after entering an uptrend that is likely to end soon. Ethereum is currently approching a strong resistance, and will be rejected by the upper dynamic resistance trendline due to high selling pressure in the confluence zone, this will cause a strong reversal and will start a downtrend. ETH than will break the lower dynamic support trendline and here will be the short entry setting the stop-loss right above the resistance zone.
Comments
zAngus
Hi there, good work on sharing your first chart with the community. We hope you had fun during the process. Hope you get rich :)

From mod @zAngus
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