Ethereum / TetherUSUpdated ETHUSD: More Downside Likely - ABC correction
Hello All.
ETHUSD had a nice pullback off its highs.
It has currently held the $1000 mark.
As we can see, we have rejection on 50, 100, 200 MA.
Bearish Pennant is evident.
We are on B wave of ABC as it seems.
If ETH breaks the .702 retracement on the fib, this idea is void and the market will go for highs.
If ETH breaks 1030, (.5 retracement) I will be in shorts with a target of $820
Thank you!
Please Comment and Like.
ETHUSD had a nice pullback off its highs.
It has currently held the $1000 mark.
As we can see, we have rejection on 50, 100, 200 MA.
Bearish Pennant is evident.
We are on B wave of ABC as it seems.
If ETH breaks the .702 retracement on the fib, this idea is void and the market will go for highs.
If ETH breaks 1030, (.5 retracement) I will be in shorts with a target of $820
Thank you!
Please Comment and Like.
Note
Hello, this trade played out very small. Heres new look- 
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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.
Follow me on twitter! twitter.com/traderview2
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.