ETH/USD - Short Opportunity (9% Profit Potential)Hello friends! The market took a hit but we were well prepared by working with confirmation levels and keeping an eye on Bitcoin (BTCUSD) price movements. The ideas are linked below, feel free to follow up.
In this trading idea, we will work with a confirmation line as well (dotted line). If the next two daily candles open in the red box, we will open a short position with our next support at ~$141.00 as a target (9% Profit).
The price is currently sitting above the EMA 20. The retracement is not supported by much selling volume. If we see the bulls returning at the 0.618 Fib level, i'm expecting the price to move up quickly.
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cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
