In this update from H4 timeframe, Ethereum it's ready to drop their value. So guys, as we forming this bearish rising wedge in the past days, I hope that Ethereum continue toward a crash to $1,953 USD
So, in Daily timeframe we forming this symetric triangle in formation and I believe that Ethereum it's ready to the another crash as I saw in the price of $1,953 USD
But, I put a sell order limit at $2,622 USD and my SL to$2,711 USD. And my target will be around $2,420 USD. And this it's a risk/benefit 1:2. It's a good proportion to get profit. Now, if you want to extend your target toward $2,300 USD. You can to do it and this will be a risk/benefit 1:3, and it's a good proportion to get profit.
So, in Daily timeframe we forming this symetric triangle in formation and I believe that Ethereum it's ready to the another crash as I saw in the price of $1,953 USD
But, I put a sell order limit at $2,622 USD and my SL to$2,711 USD. And my target will be around $2,420 USD. And this it's a risk/benefit 1:2. It's a good proportion to get profit. Now, if you want to extend your target toward $2,300 USD. You can to do it and this will be a risk/benefit 1:3, and it's a good proportion to get profit.
Note
We're in profit in Ethereum right now as Ethereum begin to drop.So, move the SL at $2,685 to have less loss if in case Etherum return to up, this it's to minimize our loss
Note
We're in profit in Ethereum and ok in this short posiiton.So guys, I deCice to make a little update and extend my profit to $2,320 USD
At this point, I extend my target to $2,320 USD
Note
if you see in H1 timeframe, we're in this downtrend and also, I'd reccomend to protect your trade put your break even in the price entry that for me was around $2,622 USD. I would' not losing this trade if Ethereum go back to up, but I'm in profit and I have my trade protected with 0 loss.
Note
Remember I extend my target to $2,320 USD as I identify an interesting short in Ethereum to take huge profit in this trade.
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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.