What happens if ETH breaks the Support / EMA?
Hello fellow traders. Another ethereum chart here~
What happens if we break the support ?
Short opportunities! There needs to be significant selling volume, the trades need to be executed as stated selling off before heavy zones off support as there will be small bounces / big bounces that could trigger a reversal.
Breaking the 400 EMA would be bad in terms of ETH's price, but good for us because bitmex exists.
Trade opportunity presented, RSI states BTC is currently not oversold, meaning this supports the idea for potential downside.
Want to join a private trading group?
PM me.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
Thanks for reading, a follow on tradingview and a like would be greatly appreciated.
1k followers ~ FACE REVEAL
Xander
What happens if we break the support ?
Short opportunities! There needs to be significant selling volume, the trades need to be executed as stated selling off before heavy zones off support as there will be small bounces / big bounces that could trigger a reversal.
Breaking the 400 EMA would be bad in terms of ETH's price, but good for us because bitmex exists.
Trade opportunity presented, RSI states BTC is currently not oversold, meaning this supports the idea for potential downside.
Want to join a private trading group?
PM me.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
Thanks for reading, a follow on tradingview and a like would be greatly appreciated.
1k followers ~ FACE REVEAL
Xander
Комментарий:
If there is a bullish engulfing past 82700 this can be seen as a long opportunity bounce, will update with some parameters there soon~
Комментарий:
SUPPORT BROKE
Комментарий:
EMA, support, and below trend line haha.
Сделка закрыта: достигнута тейк-профит цена:
First target reached. Risk reward 2+, profits taken!
Комментарий:
Dont trade current position, buyback is strong.
Комментарий:
I lied, buyback was not strong, it looked alot stronger on my phone haha- now I'm sat at my laptop i think this was a good postion to be in but nothing worth getting in now.
Сделка закрыта: достигнута тейк-профит цена:
2nd target reached~
Сделка закрыта: достигнута тейк-профит цена:
3rd target reached. Crazy volatility!