Here is a perfect short oppertunity for ETH, since we have formed a wonderful pattern within the retracements, ETH is to be expected to soar lower to ultimate target 100% projection and its 50% retracement level on the 4 hourly.
We expect therefore a target around 860.
This pattern is formed due the double top forming from the 38.2% towards its 14.6% and 9% level.
We shorted ETH from its 14.6% however, I was a bit late, I do still believe entering this transaction will benefit. Risk reward from current level is around 1.12.
Stops are set above the 0% level, wich is obvious!
.
We expect therefore a target around 860.
This pattern is formed due the double top forming from the 38.2% towards its 14.6% and 9% level.
We shorted ETH from its 14.6% however, I was a bit late, I do still believe entering this transaction will benefit. Risk reward from current level is around 1.12.
Stops are set above the 0% level, wich is obvious!
.
Follow my Daily Crypto livestreams on Twitch;
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Follow my Daily Crypto livestreams on Twitch;
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.