ETH losing momentum with MACD death cross
ETHUSD Cup & Handle breakout
which is likely ruined.
On macro level we are seeing a weekly MACD death cross, on the other hand we now have a potential 4-hour bear break on the top right hand corner. At the bottom right you can see that ETHBTC has been looking bullish but the trading volume has been dropping, this usually suggests that the underlying asset is losing momentum and is ready for a trend change.
We now have a short setup.
Open short at current $3973 with stop loss above 4030 to target previous low of 3,500 as target 1 and 3,041 as target 2.
This should not take longer than 3 weeks towards the EOY.
###THIS IS POSTED SOLELY FOR THE PURPOSE OF RECORD KEEPING, NOT FINANCIAL ADVICE###
On macro level we are seeing a weekly MACD death cross, on the other hand we now have a potential 4-hour bear break on the top right hand corner. At the bottom right you can see that ETHBTC has been looking bullish but the trading volume has been dropping, this usually suggests that the underlying asset is losing momentum and is ready for a trend change.
We now have a short setup.
Open short at current $3973 with stop loss above 4030 to target previous low of 3,500 as target 1 and 3,041 as target 2.
This should not take longer than 3 weeks towards the EOY.
###THIS IS POSTED SOLELY FOR THE PURPOSE OF RECORD KEEPING, NOT FINANCIAL ADVICE###
Operación cerrada: precio stop alcanzado
Comentarios:
This trade opportunity will still be valid if it breaks the support line once again.
Operación activa
Orden cancelada:
Very annoying sideways market.
Operación cerrada: objetivo alcanzado
