Renkotrade
Short

ETHUSD SHORT 1 HR Support Resistance Trading and Trendtrading

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello to all watching my charts.
Here i want to bring you some trading information
same as in my EURUSD blog

1. Trendchange

To check what is a trend you will find these more basics in my
ebook on my website soming soon.

Its always happens in these manner:

In the longer time review a trend is maybe still valid,
Butt the things which happens now counts always

NOT what has happens a few days or hors or minutes.... ago.

So long time review here is BLUE

HERE IT STARTS WITH LONG

IN the midtime review we do have a part of the long time trend shown
AND a part of the what happens now.

THAN IT CHANGES FROM LONG TO NEUTRAL - CHANNEL IS FLAT

So midtime review here is RED

HERE ITS NEUTRAL

And at least we get the chart information what happens really
NOW or the last.minutes / Hours

THAN IT CHANGES FROM NEUTRAL TO SHORT

Channel GREEN is SHORT (fallin down)

This points are in all timeframes and all datas same

Its either this procedure
LONG than
NEUTRAL than
SHORT

or the other way round.

2. Support and Resistance

In additon i have marked the fall below the last resistance at

ca 174.58

and now we are in short land.

To get again in a long trade we should climb above the green line

in these green arera.

Good trades

Renkotrade
Interesting analysis
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