Ethereum
Short
Updated

ETHEREUM breakout, Possible ABCD pattern forming

777
ETHUSD

Ok, so ETH had a breakout at point X, the first thing what we can expect considering it's current price action is a formation of ABCD pattern with completion at around 985 area, followed by a correction towards support line. My strategy will be as follows, I'll wait until price tests supposed point D price level after that I'll will enter short with tight stops targeting support line, let's see how it goes.
Note
ABCD pattern completed
Trade active
Entering short
s\l 1031
t\p 800
Trade closed: stop reached

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