Now during FUD from US Department of Finance, we saw what a sale of altcoins was - this may negative affect ETH too.
A large number of coins are written on Ethereum blockchain, so in event of further delisting, this should negatively affect for second coin on market.
📉 From its high this year,
ETHUSDT is already down -18%, while 
BTCUSDT is down -16%.
At the moment, Ethereum looks worse than Bitcoin.
According to technical analysis, ETH has +4+5% growth potential.
But downside potential is much higher up to -25-30%.
Now short looks more advantageous.
Fundamentally, all factors also point to a further fall.
This has been written about more than once in past ideas.
💡 Short term trading idea:
📉 Short: $1732
🛡️ Stop: $1874 (-8%)
🎯 Target: $1356, $1228 (+30%)
⚖️ Risk/Profit 1/3
💼 Volume per trade: up to 5% per trade.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
A large number of coins are written on Ethereum blockchain, so in event of further delisting, this should negatively affect for second coin on market.
📉 From its high this year,
ETHUSDT is already down -18%, while BTCUSDT is down -16%.At the moment, Ethereum looks worse than Bitcoin.
According to technical analysis, ETH has +4+5% growth potential.
But downside potential is much higher up to -25-30%.
Now short looks more advantageous.
Fundamentally, all factors also point to a further fall.
This has been written about more than once in past ideas.
💡 Short term trading idea:
📉 Short: $1732
🛡️ Stop: $1874 (-8%)
🎯 Target: $1356, $1228 (+30%)
⚖️ Risk/Profit 1/3
💼 Volume per trade: up to 5% per trade.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
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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.
Related publications
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.