EthereumShort
ETH Ethereum topping?
Ethereum is up 750% on the yr vs BTC around 370%.
Not calling a top for either but everything does retrace at some point.
Taking a simple extension from the recent move up that broke the wedge ETH sits on the 1.272 at 1220.
The 1.618 extension sits at 1280 and is entirely possible but so are lower ranges.
Im looking for that 1280 to consider some short positioning as well as 1150 if broken
gltu!
Not calling a top for either but everything does retrace at some point.
Taking a simple extension from the recent move up that broke the wedge ETH sits on the 1.272 at 1220.
The 1.618 extension sits at 1280 and is entirely possible but so are lower ranges.
Im looking for that 1280 to consider some short positioning as well as 1150 if broken
gltu!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.