EthereumShort
Short idea for ETH - descending channel (1D/1H)
I would like to share this short idea for ETH. It's moving in a tdescending channel, so now there is a high probability that the price will go down, as it bounced back from the resistance. The RSI and MACD indicators are also confirming the predicted move.
Trend: downtrend (20 EMA < 50 EMA < 200 EMA on the 1H chart )
Nice and easy trading opportunity.
Entry level: if price goes below 3112
SL/TP levels are shown on the Short position drawing.
Good luck!
Trend: downtrend (20 EMA < 50 EMA < 200 EMA on the 1H chart )
Nice and easy trading opportunity.
Entry level: if price goes below 3112
SL/TP levels are shown on the Short position drawing.
Good luck!
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Thank you for your support and may the markets be with you!
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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.
If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE!
Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
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.