Ethereum / BitcoinShort
Short ETCHBTC based on Ichimoku and Volume
Updated
Price is below cloud,
Tenkan-sen below Kijun-sen, price below cloud, lagging line, chikou span below price all bearish indications.
Volume has crossed 20 sma, so there is volume to support this move downwards.
Give today's pressure on ETH, there is clear further downside here - sell until you see indications the downward trend is over!
Invalid if price touch the top of the cloud.
Tenkan-sen below Kijun-sen, price below cloud, lagging line, chikou span below price all bearish indications.
Volume has crossed 20 sma, so there is volume to support this move downwards.
Give today's pressure on ETH, there is clear further downside here - sell until you see indications the downward trend is over!
Invalid if price touch the top of the cloud.
Trade closed: target reached
Consider to close now (Kraken) weak bullish signal with Tenkan-sen now above Kijun-sen could signal the end of this immediate downtrend leading to a period of consolidation.
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.