ETHUSD short - Wolfe Wave pattern and HnS in 4H candles
Updated
Hello guys, I'm new to trading crypto or trading in general. actually, I don't trade much for now. I found myself interested in charts and I like to watch them. here is my first actual TA, bear with me if it looks funny because I know it does.
ETHUSD
am I doing this even right? Or using two patterns in one area is a bad idea?
just wanted to hear some opinions so I can get better at this. any advice is appreciated in advance.
Thank You.
ETHUSDam I doing this even right? Or using two patterns in one area is a bad idea?
just wanted to hear some opinions so I can get better at this. any advice is appreciated in advance.
Thank You.
Comment
well, the chart still looks the same. most importantly the decline in volume is still going on. it's a bearish sign because from point (1) we have a slight upward trend in price but the volume is in a constant decline. on the other hand, the RSI not showing any sign of "Over Sold", so still there is a good chance it will go down again.Comment
looks like sell-off started. i don't think 200 can hold it. maybe 194-196. in addition to that, BTC is diving again. ETH didn't follow accordingly. but i think it will. RSI still now showing Oversold in 4H, but in 1H it does. still going down in my opinion.Comment
190 can hold it or we head down to 180? (these are not major support levels. these are 0.38 and 0.23 levels of last trends fib retracement.)
Trade closed manually
That's not actually that bad for a first timer, close enough. :DDisclaimer
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.