$ETHUSD Ethereum SHORT- Breakdown of BEAR Flag Target 1= $1800
This is more of the same. Every chart in crypto looks like Dog Sh*t. Big Downtrend channel with big BEAR Flag forming and now $ETHUSD breaking down out of Bear Flag. This Target Price of this breakdown = $1286.75, but that is probably a bit too optimistc given all the HEAVY Support around $1800. Plan to take large majority of this trade off at ~$1800 and reevaluate from there where I would expect a BIG Bounce.
1st Support zone around $1951-$2000 range.
SHORT Entry @ $2944.57
(Entry was timed on 2 HR chart prior to the break down based on Candlestick breakdown)
1st Support zone around $1951-$2000 range.
SHORT Entry @ $2944.57
(Entry was timed on 2 HR chart prior to the break down based on Candlestick breakdown)
トレード稼働中:
May get a bounce up to $2920 level as a retest with another chance to SHORT for those so inclined. I will NOT be adding to this position as I am already heavily SHORT the crypto market in general
コメント:
Only 90 Min left in trading day and WEEKLY candle. Do not expect much more to happen today. I will be looking for a retracement to the downtrend line resistance and EMA 39 as they are likely to be tested before proceeding lower toward $1951 as 1st Target.
I am expecting some big moves later this week most likely after Tues.
Either yellow arrow is possible but I favor a retest as the likely event.
I am expecting some big moves later this week most likely after Tues.
Either yellow arrow is possible but I favor a retest as the likely event.
コメント:
Covered SHORTS for a moderate profit and will reenter once we retest the resistance again. It appears we will retest $3000 range before dropping futher.
I would love nothing more than for crypto to become BULLISH again but I just dont see it. All I see are trend lines and Bear Flags being broken and rejections off resistance zone.