ETHUSD [REVISED - PART 2] - 30% Cyclical Short Trade?
Updated
Previously I posted a revision to the ETH short trade, but we had limited information to trade with so it was tricky:
![ETHUSD [REVISED] - 30% Cyclical Short Trade? Final Swan Dive](https://s3.tradingview.com/l/LJDw91l1_mid.png)
Now the range is clearly defined. Currently we are sitting at a shorting level with price action trading near the confines of the overall weekly trend. We can short the market around this level or wait for confirmation at $100. There is also a perpendicular line in the middle of the range, but that is a no-trade zone (between fibo .382 and .618).
Now the range is clearly defined. Currently we are sitting at a shorting level with price action trading near the confines of the overall weekly trend. We can short the market around this level or wait for confirmation at $100. There is also a perpendicular line in the middle of the range, but that is a no-trade zone (between fibo .382 and .618).
Note
FYI: altcoin market trend contiunation should start tomorrowcharts.cointrader.pro/snapshot/yK86B
Note
ETH longs/shorts are 5:1! We are at resistance now.. watch for breakdownNote
Related publications
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.