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dafunkinbest
Oct 16, 2021 11:30 PM

ETH Looking Bearish Short

Ether / United States DollarCoinbase

Description

After reaching 3968 level, ETH is looking bearish. We have a break of structure to the downside on the 1H timeframe. Looking for price to retest the 3865 level and then head back down towards 3600 liquidity levels. Good time to take profits. COINBASE:ETHUSD

Comment

Price created a lower high and another lower low. My bearish bias continues, looking to reach 3600 area before reassessing price direction.
Comments
Trader_Meow
Not sure on this one mate, can see a bounce off the order block - but could easily get dragged up further by BTC? Best of luck though! :)
dafunkinbest
@Trader_Meow, we'll see! Market structure is still breaking to the downside! I think it will make it down to 3660. Best of luck to you as well! I appreciate you commenting on my idea.
Trader_Meow
@dafunkinbest, Nice work! played out pretty close!
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