ETH/USD: bearish projections
Updated
Ichimoku number theory suggests that something significant may be about to occur at this moment in time.
We should be on the look out for impulsive price movement. This is suggested by the candle/bar counts present on my chart.
Keeping this in mind, we can see from our cloud visuals that we attempted to beak up out of the kumo and may have failed.
This occurred at a projected point explained in the idea I have linked to this one.
Bearish price theory says the following.
Assuming B is breached:
V=285-(300-285)=270
N=300-(311-285)=274
E=285-(311-285)=259
Possible disruption/rejection:
NT=300-(311-300)=289
Conclusion: watch for behavior. High probability move would be going short if the price breaches B with momentum and closing the short at the more likely price targets. Alternatively you could play it riskier and short now for a chance at catching the tip of the trendchange.
We should be on the look out for impulsive price movement. This is suggested by the candle/bar counts present on my chart.
Keeping this in mind, we can see from our cloud visuals that we attempted to beak up out of the kumo and may have failed.
This occurred at a projected point explained in the idea I have linked to this one.
Bearish price theory says the following.
Assuming B is breached:
V=285-(300-285)=270
N=300-(311-285)=274
E=285-(311-285)=259
Possible disruption/rejection:
NT=300-(311-300)=289
Conclusion: watch for behavior. High probability move would be going short if the price breaches B with momentum and closing the short at the more likely price targets. Alternatively you could play it riskier and short now for a chance at catching the tip of the trendchange.
Note
It appears the possible rejection didn't follow through. See bullish projections for ETH/USD here to prepare for the event of a bull run:
Order cancelled
Never opened the short to start.
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