It seems that Ethereum on the 15-minute timeframe could present a good short opportunity. If it reaches the red box as shown on the chart and gives us an entry trigger, we can consider entering the market.
Wishing you all a profitable trade!
Order cancelled
As shown on the chart, the price movement of Ethereum has been plotted in a descending pattern, and the price has moved exactly according to that pattern. The red area seemed very good for selling, but the price did not activate our order and came down to the predetermined take profit level.
Please note that although I predicted this price movement, I preferred to enter the trade from a higher area. The fact that the price moved in the direction of my prediction enhances the credibility of the analytical approach that I use. 👍
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