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ETHERIUM - Sell Opportunity - 13% ROI - 2.5:1 Risk/Reward

Short
Ethereum / TetherUS (BINANCE:ETHUSDT)  
hedgewithcrypto Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Trend Analysis Chart Patterns ETH ETHUSD ETHUSDT etherium etheriumusd USD crypto Cryptocurrency Bitcoin (Cryptocurrency)
2
0
trendanalysis chartpattern eth ethusd ethusdt etherium etheriumusd usd crypto cryptocurrency bitcoin
At market sell opportunity for a quick trade on ETHUSD.

  • Re-test of consolidation zone
  • Fail to close above key $7,00 level
  • Weakness in BTC and overall crypto market
  • Good risk to reward ratio
Comment:
Rising wedge
snapshot
Comment:
Pop out the top and return into rising wedge. Bulltrap. Adding to position 5.5 R/R. Will trade with these odds everyday.
snapshot
Comment:
Another rising wedge. Risk it could pop out the top and trigger stops. Still is a bearish pattern.
snapshot
Trade closed: stop reached
Comment:
False break higher? Looking to re-enter short
Trade active:
Re-entered on the break of consolidation zone. Targets shown.
Comment:
Trade closed: target reached

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Etherium Analysis [UPDATE 23-05-2018]
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