ETH Quck Short Trade
after making a faky new high
We can see price just made a new high
1437 but failed to maintain
Now price just broke the previou's candles'
low, created a lower low
We can sell ETH now, SL above 1379
aim 1200 and 1100
The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention.
On January 19, buyers managed to update the local high . however, relative to the previous high is only 7% higher. The price stopped for 2...
Wednesday, 20 January 2021
15:00 PM (WIB)
It's very difficult to understand the Ethereum movement right now.
MACD shows ATH has been reached with a small bar volume? In a positive view, I see Ethereum superpower rising higher and higher.
At the bar chart, so many doji created at the resistance. Balance control, there's no dominance. So, it is sure not the...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
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Price Action: ETH broke out and made a new high @ $1438 and now seems to be forming a symmetrical triangle, seeming to want to break higher.
Chart Patterns: ETH seems to be forming a symmetrical triangle.
ETHUSDT (4 h CHART) Technical Analysis Update
ETH/USDT currently trading at $1300
Ethereum reversing from the support trend line. I believe it's going break ATH
Long Entry level: Above $1325 only enter if 1 h candle closes above 1325)
STOP LOSS: below $1230
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview...
Keep in mind, whenever a coin tries to break an ALL TIME HIGH area, it can have too many failed attempts.
Don't FOMO, Don't Panic...
Wait for the price to pass the $1450 area, after it got confirmed, then start opening your positions.
Right now there's a static resistance at $1350.
⚠️ AGAIN: DON'T BUY ETH FOR NOW.
Good Luck 🎲
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