ETH/USD -- new ATH rally poised for a consolidation down to 660$
Aside from trend indicators currently in over-bought side, accumulation/distribution ratio on ETH has been skyrocketing within the last trading days of 2020, and will continue to do so throughout 2021.
Nevertheless, a small consolidation to expected for January 2021 -- down to 650-660$ at first target -- before another leg up above 770-780$ later in Q1-2021.
SHORT ETH/USDT from 730$ on a small timeframe to play consolidation levels for first days of 2021
Nevertheless, a small consolidation to expected for January 2021 -- down to 650-660$ at first target -- before another leg up above 770-780$ later in Q1-2021.
SHORT ETH/USDT from 730$ on a small timeframe to play consolidation levels for first days of 2021
Trade closed: stop reached
SL at 770$ taking loss as ETH is already up to reach 780$.
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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.