Short opened at $392 SL at $415 since the completion o f a bearish 5-0 pattern.
Target $255 for reversal.
The 5-0 pattern fits perfectly with a previous resistance structure around $255/250.
Nice entry for long if Ethereum retests this area.
Daily gartley completed for Bitcoin (8200 area).
The H4 gartley (see previous idea) hitted TP1 but there was an evidence lack of buyers pressure as prices approaching the 9K support.
After a quick short took on 9.3K BO, i reverse position and long at $8250 / SL $7650
Will take a small...
In log scale view, ETH seems drawing a large rising channel in mid-term and a falling wedge in short-term.
Moreover, this area is a previous resistance ($165/170) and price just hitted the 0.707 fibo.
Going long on this level with a tight SL at $160.
First TP at $270.
2nd TP at $350