Ethereum reached the top after an impressive bull run. This inverted cup and handle is about to take it down though. Prepare to short if you haven't done it yet.
Entry:
TPs:
0.042. 0.037.
Stop-loss:
0.0505.
Risk/Reward:
12:1.
Please like and follow if you agree with this idea.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting some updates as I have been doing in my previous posts, but if you want live updates, check out my signature and join my Telegram Group.
Giao dịch đang hoạt động
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Trade closed. Took some profits. Right now it seems there could be a new bull run. That's what my chart is telling me now. I will wait for confirmation and if it is so, I'm staying out of it until a new short opportunity comes.
Giao dịch được đóng thủ công
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Giao dịch đang hoạt động
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Trade opened. Looks like a clear short to me.
Bình luận
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It may pump a bit but overall it has to consolidate.
@jsburgos, I think it's about to pop , not go down
tomstoj
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I'm actually so glad you (probably) made a wrong prediction on this one, as I got some money in bull ETH. Good you came out with some profits ! All the best !
CoinMajesty
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@tomstoj, yes, it was wrong, although I closed the trade with profits once I figured the trend was still bullish :)
Dyrk
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@jsburgos, can we go now much higher to retest ATH?
tomstoj
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@jsburgos, what price do you think it can reach in this move?
I think this cup & handle is still valid for longer term: db.tt/YNgFnBn17f
What do you think @jsburgos?