Double Top on Ethereum: Short to the lower of the Range
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Ethereum has formed up the similar Double Top H4 pattern as is observed on BTC.
* Ethereum is drawing out the potential Short formation after failing to break-out of the range.
* Bullish retreat, exacerbated by a bearish pressure, could push prices down to $155 - $160 area.
* RSI has left the overbought territory, signalling the the down motion may prevail in the short-run.
* MACD has turned negative and is likely to expand the divergence into the negative territory.
Speculative trade signal
Sell @ $182 - $183.
Target: $155 - $160.
Stop-loss: $191.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Ethereum has formed up the similar Double Top H4 pattern as is observed on BTC.
* Ethereum is drawing out the potential Short formation after failing to break-out of the range.
* Bullish retreat, exacerbated by a bearish pressure, could push prices down to $155 - $160 area.
* RSI has left the overbought territory, signalling the the down motion may prevail in the short-run.
* MACD has turned negative and is likely to expand the divergence into the negative territory.
Speculative trade signal
Sell @ $182 - $183.
Target: $155 - $160.
Stop-loss: $191.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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