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JaxelCap

Eth Likely 200 EMA test on 4hr Big drop likely

Short
Ethereum Perpetual Futures (FTX:ETHPERP)  
JaxelCap  
FTX:ETHPERP   Ethereum Perpetual Futures
Trend Analysis Chart Patterns Beyond Technical Analysis ETHUSD ETHUSDT Ethereum (Cryptocurrency) Cryptocurrency short BTC ETHPERP ethshort ETHBTC
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trendanalysis chartpattern beyondta ethusd ethusdt ethereum cryptocurrency short btc ethperp ethshort ethbtc

I do not usually use the 150 ema but I set this up and notice when the 200 and 150 ema on the 4hr cross it seems more times than not price will come down and test touch it.


-Volume profile in this area is easy to see violent moves down and up

-Bottom indicator is showing 200 ema price deviation




How I am playing this:


I have laid out my plan this is not financial advice

I am already in short from roughly 1630

Short Target Price 1: 50ema (currently 1498)


Long Entry: 50ema (currently 1498)

Long Target Price: 20 ema (Currently 1574)

Short entry: 20 ema (Currently 1574)

Short Target Price: 200 ema ( Currently 1402)


Good luck all do not trade off my ideas this is not Financial advise
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