Trade Alert: ETHUSD Bearish Reversal Patterns 🚨
We have identified multiple bearish signals in ETHUSD, indicating a potential downturn:
Head & Shoulders Pattern 👤
Double Top Pattern 🔃
RSI Bearish Divergence 📉
Entry Point:
Place a sell stop at the break of the Higher Low (HL), specifically at the neckline of the Head & Shoulders and Double Top patterns.
Target Prices (TP):
TP 1: [Mark specific price points based on technical analysis] 📊
TP 2: [Mark specific price points based on technical analysis] 📊
Stop Loss (SL):
Initially, place your stop loss above the Higher High (HH).
Once the Head & Shoulders pattern completes, adjust the stop loss to be above the right shoulder or above the Lower High (LH).
Trade Summary:
Sell Stop: At HL break, neckline of H&S and Double Top
TP 1: [Specify target price]
TP 2: [Specify target price]
Initial SL: Above HH
Adjusted SL: Above right shoulder or above LH after H&S completion
Technical Indicators:
RSI is showing bearish divergence, further confirming the downtrend potential.
Trade Type: Short Swing 📉
Good Luck! 🍀
Stay informed and trade smart! 📊
We have identified multiple bearish signals in ETHUSD, indicating a potential downturn:
Head & Shoulders Pattern 👤
Double Top Pattern 🔃
RSI Bearish Divergence 📉
Entry Point:
Place a sell stop at the break of the Higher Low (HL), specifically at the neckline of the Head & Shoulders and Double Top patterns.
Target Prices (TP):
TP 1: [Mark specific price points based on technical analysis] 📊
TP 2: [Mark specific price points based on technical analysis] 📊
Stop Loss (SL):
Initially, place your stop loss above the Higher High (HH).
Once the Head & Shoulders pattern completes, adjust the stop loss to be above the right shoulder or above the Lower High (LH).
Trade Summary:
Sell Stop: At HL break, neckline of H&S and Double Top
TP 1: [Specify target price]
TP 2: [Specify target price]
Initial SL: Above HH
Adjusted SL: Above right shoulder or above LH after H&S completion
Technical Indicators:
RSI is showing bearish divergence, further confirming the downtrend potential.
Trade Type: Short Swing 📉
Good Luck! 🍀
Stay informed and trade smart! 📊
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.
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.