Well there isn't much to say to be honest, ETH is about to go down and even the chart itself looks very bearish without drawing any trendline. I checked with VLPR and price is currently below POC so if it closes like this I think it's very bearish.
P.S.
if you draw trendline this is like a triangle which in this case is a correction in a bearish trend
Good luck
P.S.
if you draw trendline this is like a triangle which in this case is a correction in a bearish trend
Good luck
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UPDATE: so far so good
Комментарий:
Guys since ETH it's bouncing I wouldn't take risk and close the short if you haven't already, you should be in profit anyway
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In alternative I'd derisk lowering SL in profit or buying back half of the position... whathever suits better your trading style. At lower timeframes it can still reach my target but I suggest not taking too many risks