ETH/USD: bearish candlestick pattern to short Ethereum
Ethereum continue into this downside and I believe that we're in the good place to short Ethereum in H4 timeframe.
I show you the 3 candlestick pattern in the display what I see in this analysis very good to short Ethereum
And also, I make this analysis because in H8 timeframe we're in the good place to short Ethereum and following the trend, but in any moment we could to break out this up trend line that you can see in H1 timeframe.
I entry around $1,798 USD and I put my SL to $1,867 USD and target to $1,617 USD using this Fibonacci.
To look, in the H8 we take the point 0.382% of Fibonacci and if we see in H4 timeframe, the price make confluence in the 0.618% of Fibonacci level.
And that it's a good confluence and analysis here to short cryptos.
I hope that this idea support you
I show you the 3 candlestick pattern in the display what I see in this analysis very good to short Ethereum
And also, I make this analysis because in H8 timeframe we're in the good place to short Ethereum and following the trend, but in any moment we could to break out this up trend line that you can see in H1 timeframe.
I entry around $1,798 USD and I put my SL to $1,867 USD and target to $1,617 USD using this Fibonacci.
To look, in the H8 we take the point 0.382% of Fibonacci and if we see in H4 timeframe, the price make confluence in the 0.618% of Fibonacci level.
And that it's a good confluence and analysis here to short cryptos.
I hope that this idea support you