SayMoney

Are you wearing seat belts? 🚀 There may be an accident🆘ALERT🆘

Short
COINBASE:ETHUSD   Ethereum
Hello everyone,

Today I would like to show you how it was until last year. You should keep this in mind, because protecting your capital is paramount!

To the point, without a clear breakthrough of 0.382 FIBO, there is still a good chance for a decline. We didn't break the last hill which means the current downtrend!
The last closed weekly candle on Bitcoin looks spooky, which also convinces me to be extra careful.
If a local doubleTOP is created, I will personally open a SHORT order with the SL set above the local hill.
I will take the position on LONG after a possible breakthrough of the Fibo line and a confirmed retest.

Last year, a breakout was made, followed by a double short-term peak and a downhill run on doubleBOTTOM.
Also before the break of the local peak. Make a decision consciously and without rush;)

Comment and like,
Greetings!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.