Short

Ethereum (ETHUSD) Much Like Bitcoin is making a BIG move down

Updated

1400-1600 on Ethereum next move down

Please see our Bitcoin chart.
The analysis is near Identical to Bitcoin (btcusd)

We are in a corrective consolidation wave nearing the apex to break out (downwards)

Note

Excellent bounce on Ethereum. Short Squeeze. Still looking to short at the top of the structure.

Note

although outside of the pennant the sell down is still valid. waiting for entry opportunities.

Trade closed manually

We didnt short this trade however did take some buys at the lows. We discussed Ethereum and Bitcoin buys in our Discord and facebook channels in real time.

Note

The buys are DCA buys and do expect Ethereum and Bitcoin to sell again lower. Will update with new chart and link it.

Note

Shouldve updated this idea when it mattered but we did discuss the short back down to the 1400-1600 range originally discussed in our Discord channel.

Trade closed: target reached

zone reached

Thecontrariandaily

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