ETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Ethusdshort
ETH Head & Shoulder Pattern TA target $2059.65Eth is forming a Head and Shoulder pattern and it breakout already.
Testing the Horizontal green line was the confirmation, the technical target is $2059.65 but there is falling support line according to that I thing target is around $2155.46.
I show a Bearish Divergence ( Between Blue Vertical line).
Comment down your opinion about this pattern.
ETHUSDT(Support line breakout)ETHUSD (4H CHART) Technical Analysis
Support Breakout
ETH/USDT currently trading at $1442
Short Entry-level: $1470 - 1430
Stop loss: above $1670
Target 1: $1200
Target 2: $1045
Target 3: $915
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ETHUSD short at 369.22, Resistance at trendlineI will short ETHUSD because :
It is facing a strong resistance at the trend line .
Its not been able to break that trend line .
The price is again at the resistance trend line and may fall.
If it breaks the resistance trend line then we will be looking to buy.
Entry : 369.22
First Target : 365
Second Target : 361
Stop loss : 370
How's the 100$ Shitcoin ETH is going to perform?Not too much to say here. A non-leveraged trade on ETH/USD pair after looking at these bearish signs. We believe that it's going downtown harder this time.
A short between 170-175$ with stop above 195$.
Targets will be 150-130-110-90$.
The next volume break should be a Bearish one let's see.
In the long run we should remain Bullish for our top crypto investments.