Heavy bearish indicators in the 4h timeframe for ETH all time life.
Three drives pattern indicates a possible retracement and break all 3 supports @ 258, 330 and 294.
Overall uptrend could end up breaking if December´s news for BTC encourage BTC investment and ETH dumps.
There´s another optimistic scenario below which would not follow the three drives and will put us all in an unknown scenario. All could happen but indicators should be followed carefully and not to be ignored.
Trade active:
Bearish retracement identified with FIB arcs on 45min.
Now reaching 62% and Stochastics in overbought territory.
Possible break down support @ 375
Short still active.
Bearish retracement identified with FIB arcs on 45min.
Now reaching 62% and Stochastics in overbought territory.
Possible break down support @ 375
Short still active.