Short

ETH/USDT

Updated

We are looking at ETH on a longer TF. If we can't hold this area, we can expect to fall as low as $2445.00 before finding relief. However, if we break above the stop, I will consider a long to $3200. MACD Cross on the LTF bearish momentum. We need to see some buying volume here. BB%B shows us we can come down more. BB may have widened too much. We can see a scenario where we break below the middle band (which acts as the SMA 20) and hug the lower band until we find strong support.

Best wishes CHADIANS
HONEYITSGONE!

Trade closed: stop reached

Well that was short lived. Considering a long here with tight stop before going to bed. Too many scalps today. I have over extended my stay here. Good night, I hope you unlock all the riches in Valhalla.
You can now tell her HONEY ITS GONE!

Best wishes,
HONEYITSGONE!

Note

Around $3120.00 might be a better idea to enter if we don't continue downwards from here. I am going to sleep for real now good night.

Note

$3126 LH, if you took a short from $3120, congrats. There was a break in structure on the LTF(1hr), followed by a double bottom, rejected at resistance. Working our way towards support, I wouldn't test a long on that third tap towards support because we are potentially facing a continuation to the downside on the LTF.

HONEYITSGONE

Related publications

ETH/USDT

by HONEYITSGONE

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