VaidoVeek

ETHEREUM (ETH/USD) | Bearish Breakout!

Short
COINBASE:ETHUSD   Ethereum
Hi,

The mothership Bitcoin got a rejection downwards and some altcoins obviously followed it.
At the moment, the best bearish setup could be ETH sell, quite a solid break below the strong support area, strong candle close (1H and 4H), and almost free road to fall to TP1 which is around $1700.
You can wait for a retest, you can go right away and you can skip it, the choice is yours ;)

Stay healthy,
Vaido

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.