Short

ETHUSD - Down to Support

Updated

Some targets for short trade before ETH is back on it's way up again.

Note

The 20 Day EMA has crossed below the 100 Day EMA. Further dumps will occur if the 50 Day EMA crosses below the 100 and 200 Day EMAs.

Note

✅ TARGETS 1 & 2

Note

Some bearish signs to note:

1) 4 Hour Chart: 50 Day EMA has dropped below 100 Day EMA.

2) 4 Hour Chart: 20 Day EMA has dropped below 200 Day EMA.

Further drops expected to target 3 area, possibly lower well in to support area.

Note

Daily Chart: 20 EMA rejected by 200 EMA.

Continuing to short until Target 3 or until reversal of trend then the trade will be closed manually.

Note

4 Hour Chart: Bear Flag + Death Cross is looming.

We should hit 3rd Target soon because 4 Hour Chart is running out of gas.

Trade closed: stop reached

Stop Loss triggered at Target 2.

Note

✅ TARGET 3

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