MrVolcano
Short

Tasty Etherium Short

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
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4
217 0
Bearish arguments

- Big red bearish candle on previous D1
- Symmetrical triangle / bear flag
- RSI very bearish
- Measured objective measures perfectly to previous lows
- Recent false break of downtrend

Weekly chart

The weekly picture looks very good at the moment, however there is still 36 hours until the close of the weekly candle, so this cannot be taken for granted yet. Provide price closes below 130 on the weekly candle, then the weekly chart looks very attractive.
Trade active: Position opened at 125.5
Comment: Weekly chart close confirmed below trendline with bearish engulfing candle. Should be some good downside from here.

Comment: Sorry, that previous chart wasn't clear. Here's a better one....

Trade active: Opening a second ETH short position at 116.9
Trade closed manually: 22/11/2019 - Closed manually at 116.75
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