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samssutton1
Aug 3, 2021 11:23 AM

diamond top  

Ethereum / DollarBitfinex

Description

a diamond top formed on the 4 hourly and hit its target perfectly which was the distance between the high and the low of the diamond placed at the break out. this would have made a very good little short trade and a sell when the price bounced on support would break great, alternatively you could hold a little longer
Comments
kkunshcchandna
long from trend line??
samssutton1
Personally would have gone long all depending on a bounce off those trend lines and a spike in buying pressure, if you look now you can see that the Macd switched bullish so would have be a good trade to get into
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