TradingView
FX_Professor
May 3, 2021 12:35 PM

ETHEREUM- Time to take some profit maybe? Short

BITSTAMP:ETHUSD60
Ethereum / U.S. dollarBitstamp

Description

⋅
Ethereum is now clearly being rejected at reisstance (higher end of the ascending channel).

I am not saying it will not rise higher eventually, I am saying that it probably will come back down a little bit before rising again later.

The chart is clear: time to take some profits now!

the FXPROFESSOR
Trend AnalysisChart PatternsFundamental AnalysisEthereum (Cryptocurrency)ETHETHUSDether
Comments
cryptobullethbtcxlm
⋅
Ive been hearing about rejections for a few weeks now and seeing many shorts getting rekt.. eth is going parabolic because of hype AND fundamentals. Best thing that can happen to a crypto asset. Same for BNB a few months back, I exited way too early because; "it could never do that"... what it did do? "it did do that" - ETH is on the same path; next target 3400 and then 4K
Cryptomania2363
⋅
Hodl. Not going to 3k again
FX_Professor
⋅
Check previous ideas on how to approach resistances and when to buy over them. It's simple really
Silver_foX84
⋅
@FX_Professor_88, what are your targets for this possible retracement? would love to know
More