MrRainbow

Chancey Eth short with high RR in undecided market.

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
As the major trend players battle it out, I see evidence of large profit taking in eth, with the most recent sell off (circled) being especially telling, and prompting me to look at shorting. From this I'm looking at a short from the 5 of this wave which I think may not break the last high, before tanking heavily. for this reason a high SL is required. Exit is sub 2K.

RSI and stoch also converge indicating a top in progress.
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.