Ethereum had several chances to have a bullish continuation of the last dump but failed all of them (as you can see in my other chart that was bullish on Ethereum). Now, it had 2 pennants and a medium term pitchfork - all of which have been broken downwards. We could potentially see Ethereum plunge straight through the 200s now.
Entry - $275-325
Target - $175-225
Stop loss - $301
Good luck!
Entry - $275-325
Target - $175-225
Stop loss - $301
Good luck!
Comment:
Well this is going quickly.
Trade active:
We're now in the target zone. Take profits wherever you see fit.
Comment:
Trade closed manually:
I bought back in at $222 after it started showing some strong signs of recovery (namely 2H hammer candles).