Mohsen_Abbassi

ETH will face a retrace?

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Salaam

I think the market is totally overextended and need some correction to could continue rising.

I sell ETH with 3350 as stop and 2700 as target.
It also could be make double top pattern.

Good luck
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it reject 3250 with a 4h pinbar.
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sqr00t Mohsen_Abbassi
@Mohsen_Abbassi, then three 4-hr bars later engulfed it back to bullish xd still shorting as the week closes bullish?
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@sqr00t, No, I closed my short position.
ETH still is in descending daily channel and buckle to break it.
Because of overextended movement and several resistance levels and lack of volume in the last few days, I still expect correction but it was delayed.
It moved in an ascending channel from July 20th.
The last daily candle could be considered as a hanging man.
We should wait what the market wants to do ;-)
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