Ethereum (ETHUSD) Much Like Bitcoin is making a BIG move down

1400-1600 on Ethereum next move down

Please see our Bitcoin chart.
The analysis is near Identical to Bitcoin (btcusd)

We are in a corrective consolidation wave nearing the apex to break out (downwards)

Comment:

Excellent bounce on Ethereum. Short Squeeze. Still looking to short at the top of the structure.

Comment:

although outside of the pennant the sell down is still valid. waiting for entry opportunities.

Trade closed manually:

We didnt short this trade however did take some buys at the lows. We discussed Ethereum and Bitcoin buys in our Discord and facebook channels in real time.

Comment:

The buys are DCA buys and do expect Ethereum and Bitcoin to sell again lower. Will update with new chart and link it.

Comment:

Shouldve updated this idea when it mattered but we did discuss the short back down to the 1400-1600 range originally discussed in our Discord channel.

Trade closed: target reached:

zone reached