it seems that the eth is stuck in bearish triangle. we can expect one more little jump but low volume is the best indicator.weak btc will pull all market down...
tp1 103 $
tp2 90 $
Risk = 6% of total account.
Lowest TP I will take is marked (white).
Ideal TP is top of position box (green).
Currently 40% of position is filled.
Leaving open the option to add contracts and move SL up if I like what I see in PA.
ETHUSD can go LONG if you have not already
Stop: 112.5-113 (depending on your broker)
TP : to be determined.
(For the others, move your Stop only)
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#ETHUSD has formed a H&S top on the daily chart. Volume is decreasing across the H&S pattern and a clear neckline is formed at $114.4. A close below $114.4 will trigger a short position. My target is $83.
No trade here, could make the argument it goes to 80 or 140. Fundamentals aren't encouraging for this coin anymore that there are several better blockchains around fighting for share.
Eight days of price consolidating with out making a move to the upside. This consolidation which lasted for eight days formed a chart pattern called THE DESCENDING TRIANGLE CHART PATTERN.
This chart pattern has been spotted on 4hours time frame on both pairs(ETHH19 & ETHUSD)
Price trend can be any direction leading to the pattern.
In a descending triangle, the ...
Descending triangle is finishing. The MACD has crossed the baseline which is a bear signal.
We probably won't see a small rise since the MA50 act as a resistance.
Here are 6 that work (red)
and 4 that were false (purple)
Seems like they are too hard to use and you get faked out a lot. You can find them so often in hindsight though.
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