ETH Rejection off Macro Trend

ETH is close to a local top.

I expect an impulse to around 1700 before heading down.

1D MA200 and Macro trend will act as areas for selling.

Good Luck

Comment:

Descending trendline

Comment:

So far on track. Watch daily candle close for confirmation of a pivot

Comment:

There may be a push to test Macro trend/ MA 200 - there watch for reaction

Trade active:

SHORT ETH from $1675

Comment:

S/L updated to $1630

Trade closed: stop reached:

50% retracement is at $1642 - I have added more SHORT here and will DCA above it.

Trade active:

SHORT entry is complete: Average entry is at $1651

Comment:

S/L to $1615

Comment:

S/L to $1585

Trade closed: stop reached:

I will watch to SHORT again.