ETH has been dropping in value significantly in the past few months.
ETH overall trend is bearish with condensing volatility in its pattern. This is a strong sign for a major move...either bullish or bearish.
Based on my analysis, I predict a hard drop from the red line, validating the pattern. Your stop loss should be at the green line (or slightly above it).
Based on my approach, if ETH validates the pattern, I would take approx. 60% profit at "INT 2" and the rest at the main target.
The secret is to be patient. With low volatility is anticipation for a big move. Have your orders ready!
I could be wrong and if you think so, please leave a comment below explaining why you think on the contrary to me!
Thanks and I hope this helped!
ETH overall trend is bearish with condensing volatility in its pattern. This is a strong sign for a major move...either bullish or bearish.
Based on my analysis, I predict a hard drop from the red line, validating the pattern. Your stop loss should be at the green line (or slightly above it).
Based on my approach, if ETH validates the pattern, I would take approx. 60% profit at "INT 2" and the rest at the main target.
The secret is to be patient. With low volatility is anticipation for a big move. Have your orders ready!
I could be wrong and if you think so, please leave a comment below explaining why you think on the contrary to me!
Thanks and I hope this helped!
Trade active:
The trade broke down out of the red line and has hit the Interim 1 target.