ETHUSDT Perpetual ContractUpdated What I think ETHUSD.P will do
Last trade recap- Was a losing trade but I had a tight stop loss so no worry I learned from it and that's all that matters.
Today is not a trade because its a weekend, but this is what I think ETHUSDT.P will do. So in the daily chart we see a daily break of structure to the downside from the uptrend. Which is a good indicator of a down trend incoming. After price spiked down, we see a 4hr price imbalance form. price has now tapped into that and made a break of structure on the 4hr as well but has not made a significant move to the downside. So maybe in next week, price will sweep some highs and could be a good short move. Also I was thinking about making some videos instead of post. Let me know what you think.
Today is not a trade because its a weekend, but this is what I think ETHUSDT.P will do. So in the daily chart we see a daily break of structure to the downside from the uptrend. Which is a good indicator of a down trend incoming. After price spiked down, we see a 4hr price imbalance form. price has now tapped into that and made a break of structure on the 4hr as well but has not made a significant move to the downside. So maybe in next week, price will sweep some highs and could be a good short move. Also I was thinking about making some videos instead of post. Let me know what you think.
Trade active
Price has swept one of the highs. Now what im wondering is if price will sweep the other high before a move to the downside
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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.