At the moment, the price of Ethereum it's go to down and we see that Ethereum it's need to find down the zone of $1,440 USD. that will be a possible conirmation to entry in the bull market in the $1,440 USD, the important and psycological point to bought.
But we see in H1 timeframe that Ethereum it's formed a little bearish risign wedge, but if you see in H1 timeframe, we're go to the bearish trend pressure to sell. For that, I put a short position in Ethereum from $1,720 USD approximately and my SL it's so little in the $1,810 USD, the risk it's so minimu as 5% agains the possible earns of 16% to short Ethereum. i'm sell Ethereum
In H8 chart, we see that Ethereum it's formed a bullish channel, and we see that the price action it's speak us to sell. The same in H4 timeframe that we see a bearsih candlestick group that they speak to sell Ethereum.
And then, we see in Daily that a correction it's so necceary to Ethereum continue up!!! This senario could be possible and we see a 2 doji of indecisio that mark that the trend could to supposed a possible reversal to down becuase there's demand below at least of $1,440 USD.
If you have a short or long trade plan, you can to post here about this idea of Ethereum. Guys, if you like this analysis, I Invite you to support this idea for others traders.
Trade closed manually
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I closed up manually and cancelled. Because Litecoin it's show us a bullish signal. For that, I put a long position in Ethereum, you should to put a long position in Ethereum in the market price and then, more details it's soon my new long trade in Daily.
Apparently, your chart was valid... It only needed patience..
harisonhbn9718
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@mideoy, ok great. yes, I remember that Ethereum form this little bearish rising wedge, but it's continue up, for that, when I analyze it, i didn't analyze this"
This it's my own study that Ehtereum make support of this line and continue up.
For that, I ALWAYS UPDATE MY ANALYZE
jpotchen
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Showing the same thing. Looks like it needs a retest of at least 1650, if not 1440, before it gets above 1800 again.
skyfall1492
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i am waiting for it, i look at 1350 then 1250 position soon. 35% to 40% drop i think soon
BlockchainBreakdown
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Im with you on this! Large leveraged short on ETH made....its a bold strategy cotton lets see if it pays off.....