Eth is close of breaking up or down, if we break up target is not that high as the 50MA is closing in on the pattern, they might break it when they break up but overall market is bearish so I would open a small short here and stagger towards 164...
Target for eth is 150
If eth breaks above 164 then target is between 168-170
Risk reward is better for the bears, so I think this is there is a higher chance of breaking down!
There is also a high chance when eth breaking down that btc will follow!
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Target for eth is 150
If eth breaks above 164 then target is between 168-170
Risk reward is better for the bears, so I think this is there is a higher chance of breaking down!
There is also a high chance when eth breaking down that btc will follow!
Leave a like and follow me, comments are always welcome as well! If you want to try trading on bitmex use my link for extra fees!
www.bitmex.com/register/Ci1A3v
