It appears that ETH has formed a divergence line which could be an early indication of a reversal.
As long as ETH fails to create a new high with the RSI indicator, we will likely see a correction.
My short order will be placed at about $322; immediately after a break in the trendline.
Final target is set at $292.
Once we have a confirmation of reversal, additional profit levels will be posted in the comments below.
Wish you all luck!
As long as ETH fails to create a new high with the RSI indicator, we will likely see a correction.
My short order will be placed at about $322; immediately after a break in the trendline.
Final target is set at $292.
Once we have a confirmation of reversal, additional profit levels will be posted in the comments below.
Wish you all luck!
Trade active
Divergence still applies.Short entered early at $336.
First Target of $328
Trade active
Profit Levels are set at the .5 & .236 fib extension levels.Wish you all good luck.
Trade closed manually
Trailing stop/loss of $330 has been hit.Will likely re-enter if we break the strong support of $324.5
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.