Godly

ETH Short [Market Geometry/EW]

Short
Godly Updated   
POLONIEX:ETHUSDT   Ethereum / Tether USD
Another well deserved ETH short.

Wait for break of green support to enter short position.
Trade active:
Current 6hr candle getting lower and lower, if it closes below the green line, safe to assume it will continue to the yellow line; if breaks yellow safe to assume it will continue to orange, and so forth.
Comment:
3hr chart with added Fibs to differentiate
Comment:
****************
Trade active:
Enter long position if closes above the Blue curve connected to the swing highs.
Trade active:
Exit long position at 325 resistance, continuing with Short position.
Comment:
also still continuing long-term downtrend.
Trade active:
Met resistance at the 318 mark, another resistance is at the 325 mark.
Trade active:
Still continuing long-term downtrend; broke past Fibonacci Arc support and now expected to retest green support.
Trade active:
Testing green fib arc support soon.
Trade active:
Forming downward biased triangle
Order cancelled:
New Ethereum chart now available.
Trade closed: target reached:
Short position did hit successfully.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.