ETHUSD [REVISED] - 30% Cyclical Short Trade? Final Swan Dive
Watch for EMA50 rejection on the daily timeframe . Above $120 price action will be considered bullish / consolidatory.
Previously we explored an idea for a breakdown pattern. This invalidated idea can be found here:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Previously we explored an idea for a breakdown pattern. This invalidated idea can be found here:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
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ETH's Santa rally contiunes!
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Ok. Had a chance to revisit this and here's a new entry level. Targets are the same so I will keep this thread going. If we manage to stay in the "no trade zone" we can look to short ETH at $169 (which is the .618 on the daily). If we close the daily candle below the "no trade zone" then the confirmation level gives us a nice confirmation of trend continuation.
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:)
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Rising wedge ;)
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Watch for breakdown
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Watch for short term bounce here.
