ETH.USDT (Y20.P4.E5).Looking to keep shorting

Hi All,

*** This is still part of the macro ETH post, but a subset update, explaining how we are still on target. The link for the macro is provided below ***

I'm still bearish in the mid term and I see this next level as support, so a great shorting opportunity if you have not already.
Obviously its not a direct fall as per chart. The chart only shows the end target, not the path.
The path, I will be looking at $311 as the next support, followed by $280-$290.


Note the following:
a) RSI is below 50%
b) Structure is with downward orientation, based on my red line, and how price is now beneath this, how price respects it as resistance, candle sticks and levels breaking down;
c) Daily 20 and 50 EMA cross over; We also have the alligator indicator doing the same;

$260 is the next level, or the band as per the chart. So shorting to this level gives you a nice opportunity.

Please give me a like or tick if you agree or appreciate this post.


Regards,
S.SAri

Overviews:

INVERTED VIEW, does this not make sense:

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PREVIOUS POST > MACRO view, aligned with the inverted BARR strategy as per this post.

Comment:

Trade active:

As it didn't break that support line, I bought back in for long on the 8 hr bullish candle.