ETH to drop hard?

bizmark Updated   
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Ethereum broke down this triangle📐 and I think there is chance for run to 973 and even lower. Setting SELL LIMIT order to previous range low @ 1233 to catch🎣 the pullback. The low @ 1172 is going to be critical, bulls do need to defend this level if they want to spoil the bears' party.
  • ENTRY: 1233
  • STOPLOSS (SL): 1292
  • TARGET (TP): height of the triangle projected from midpoint of the previous range (pink line in the middle) @ 973
  • INVALIDATION: when STOPLOSS level hit

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active:
SELL LIMIT Order filled ✔️ Check the precision
Trade going well. The grey uptrendline and key support taken out. I think we could go back up to backtest the key support, which should now act resistance in fact. Range low would be last hurdle on the way to target.
Trade closed: stop reached:
Stoploss hit 🛑
ETH didn't make it to the target, actually it broke all the downtrendlines and reached the invalidation point.


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