ETH's uptrend line has been broken. I am targeting ~$130 and ~$115 with this short. An entry at current prices with a stop above the swing high of $162 on BitMex gives us a 2.4 RR. If we bounce off $130 we can be looking at a head and shoulders that brings us down to $110-$115.
Comment:
Retesting uptrend line and seems to be rejecting it so far.
Comment:
Not moving as impulsively as I was hoping for. I can see a throwover back to $155 to stop hunt for liquidity but I'm sticking with the larger picture.