A good short opportunity has presented itself for the ETH/USD pair. Coming back from a 1700 traceback and practically no bullish signals.
BTC/USD is also not showing bullish momentum and it's staying at ~ 33k price point, which has a good chance of dipping into the 20k and in that case would bring down every other Crypto with it (including ETH).
Trade:
Entry - 2300
Stop loss - 3030
Take profit ~ 1300*
* - take profit only if you are swinging and looking at the charts more often. Most likely by reaching this point there will be a quick spike up in price and a 2nd SHORT will present itself. But overall getting down to this point would mean there's a good chance of ETH going to 700-800$'ish, so if you're looking at longer trades, have your take profit at the thousands in case of a spike dip for now.
Be safe everybody!
BTC/USD is also not showing bullish momentum and it's staying at ~ 33k price point, which has a good chance of dipping into the 20k and in that case would bring down every other Crypto with it (including ETH).
Trade:
Entry - 2300
Stop loss - 3030
Take profit ~ 1300*
* - take profit only if you are swinging and looking at the charts more often. Most likely by reaching this point there will be a quick spike up in price and a 2nd SHORT will present itself. But overall getting down to this point would mean there's a good chance of ETH going to 700-800$'ish, so if you're looking at longer trades, have your take profit at the thousands in case of a spike dip for now.
Be safe everybody!