Ethereum Looking To Retrace | Will It Go Lower Or Bounce? for BITMEX:ETHUSD by alanmasters

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ETHUSD Perpetual Futures Contract (BITMEX:ETHUSD)

BITMEX:ETHUSD ETHUSD Perpetual Futures Contract

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trendanalysis indicator beyondta eth ethusd ethereum alanmasters binance bittrex bitfinex bitstamp coinbase

Ethereum ( ETHUSD ) had a great run and grew over 35% in a matter of just 3 weeks... Now it is starting to retrace and can go lower... But be careful, lots of bullishness around, so if support holds it can easily bounce and resume the uptrend.

All the levels are marked on the chart.

Namaste.

Sep 24

Comment: Trade: SHORT ETHUSD (Ethereum)

Leverage: 6X

Buy-in: $219 - $212

Targets:

(1) $210 -Reached (+14.28%)
(2) $203 -Reached (+34.46%)
(3) $196 -Reached (+58.14%)
(4) $188

Stop-loss: Close daily (1D) above $225.

Liq. price: $248.65
(Buy-in calculated at $215)

Potential profits: 86.16%

Capital allocation: 4%.

Sep 24

Trade closed: target reached: Targets:

(1) $210 -Reached (+14.28%)
(2) $203 -Reached (+34.46%)
(3) $196 -Reached (+58.14%)
(4) $188 -Reached (+86.16%)

That's my trade.

Namaste.

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OBV broke down just before price, which confirmed your BBL call, so I jumped in.

RSI trending down. I'm watching a potential OBV / RSI breakout to cut or reduce the short position.
Your short calls are even more acurate than your longs, congratulations :)