The current uptrend on 1h, 4h and daily charts looks tired and we might enter a correction phase for a few days.
Here is a possible short trade (Bitstamp chart):
Short on a break of 4350 support
Target 1: Trend line from 300 bottom (estimate around $4260)
Target 2: $4100
Stop: $4400
Here is a possible short trade (Bitstamp chart):
Short on a break of 4350 support
Target 1: Trend line from 300 bottom (estimate around $4260)
Target 2: $4100
Stop: $4400
Comentarios:
First target was reached. Consider covering half.