Ethereum / TetherUSShort
SHORT ETH/USDT
Updated
Here we go again.....
This the 4h tf chart that shows an Harmonic Bearish Crab almost at his completion point.
Although the best PRZ reversal point is @ 1.618 XA extension, i believe that the concomitant top bottom target price action and the 3.14 XA extension should be the best area where it will develop the reversal.
As a complement we got the RSI in the oversold area , waiting for the bearish movement .
Carring on to monitor the price action in this area and let's see what happen next.
Thank you.
This the 4h tf chart that shows an Harmonic Bearish Crab almost at his completion point.
Although the best PRZ reversal point is @ 1.618 XA extension, i believe that the concomitant top bottom target price action and the 3.14 XA extension should be the best area where it will develop the reversal.
As a complement we got the RSI in the oversold area , waiting for the bearish movement .
Carring on to monitor the price action in this area and let's see what happen next.
Thank you.
Trade active
it seems he decided to reverse at the alternate ABCD point, the 1st of the 3 ratios.Trade active
entering now in the PRZ of the bearish crab in the area of the top bottom 2018-2021 target ....monitoring price action & RSI movements to determine the short entry pointTrade active
tp1 $ 2600tp2 $ 2400
s/l $ 2900
Order cancelled
he went well beyond the extreme point of reversal without showing any well establish red candle ....the bull market is very strong at the moment....monitoring price action, RSI movements and how far is the de-correlation from BTC
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.