ETH - The Big Short

- Bearish 200SMA & 200EMA crossover.
- Ichimoku Cloud will reinforce the double MA resistance.
- Closed below previous support zone.
- Price action bearish MA crossover
- Bearish MACD
- In oversold range even with high buy volume
- Trending down and people panicking
- Take profit at FibE levels

Comment:

Moved stop loss to 280 above MAs

Comment:

Closed out.

Note to self- never short on the bottom of a trend channel unless a break is confirmed