ETH potential short
Volume is sloughing off and the RSI is curling upwards but the downward pressure on BTC doesn't seem to be letting up and that will weigh on the other cryptos.
There is a longer running descending triangle on the daily, so a short target could be placed between $150 and $155, but the ATR suggests a target near $170 is more conservative.
There is a longer running descending triangle on the daily, so a short target could be placed between $150 and $155, but the ATR suggests a target near $170 is more conservative.
Trade closed: target reached
Well, that worked wonderfully.
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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.