JawadShkr

ETHUSD BEARISH

Short
COINBASE:ETHUSD   Ethereum
Happy Sunday I hope everyone has a beautiful and blessed trading week. This is my updated analysis on ETHUSD, as we all know ETH has been in major downtrend and this week I see a push to the downside happening. If you're looking at the weekly candle which has yet to close you'll see that the candle is looking as it will be making a spinning top which is a indecision candle. Also if you look at the DAILY timeframe you'll see that shooting star was formed which is giving me an indication that price will more than likely start to make a move to the downside. Also I am expecting a push to the downside due to the current level the DXY has re-approached. If you take a look at the DXY chart you'll see that price pulled back into a strong support level and if this support level holds then DXY will push to the upside which will give us our push to the downside on ETH as well as GBPUSD, NZDUSD, AUDUSD, BTCUSD, NAS, US30 and etc. I have TP 1 and TP 2 levels I would like to see hit on the 4hr time frame and I also have weekly TP levels not shown but if I see a stronger push to the downside I'll update with those levels.
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