ETH-USDT-short-term bear, and then long?
Updated
Hello, thank you for taking the time to consider this idea.
As I have detailed above, I am waiting to see if ETH will achieve 30 fib retracement, where it then would have the possibility to jump up again.
This is just my analysis based on technical indicators and personal opinion, plus the fact that ETH has just blown our minds since Immutable-X (layer 2 scaling and lower gas fees,) came out in April.
There is always a chance that ETH will not retrace and will just continue up.
Also watch for a potential bounce off of our (0.236 fib line) at approximately 4,000 ..
Many think ETH can grow much more than I have listed on chart, but let's always trade safely with a stop loss!
It is wise to wait for confirmation of a change in trend before entering any trade! (keep that in mind if we approach the blue rectangle possible buy zone above) 😃😄
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you for reading and trade safely!!!!
Jazerbay ☯
As I have detailed above, I am waiting to see if ETH will achieve 30 fib retracement, where it then would have the possibility to jump up again.
This is just my analysis based on technical indicators and personal opinion, plus the fact that ETH has just blown our minds since Immutable-X (layer 2 scaling and lower gas fees,) came out in April.
There is always a chance that ETH will not retrace and will just continue up.
Also watch for a potential bounce off of our (0.236 fib line) at approximately 4,000 ..
Many think ETH can grow much more than I have listed on chart, but let's always trade safely with a stop loss!
It is wise to wait for confirmation of a change in trend before entering any trade! (keep that in mind if we approach the blue rectangle possible buy zone above) 😃😄
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you for reading and trade safely!!!!
Jazerbay ☯
Comment
30 min chart, let's watch what happens when we reach this key point!
Comment
thank you for understanding, I have some more updated points for this chart.
There will be no more updates on this idea unless we have a major change
Jazerbay🐶
Comment
Trade closed: target reached
Thank you so much! 😃Jazerbay 🤍
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