Alright, after a major break out from the Head and Shoulders pattern + Global Gann line ETHUSD has fallen quite good. Currently we are on a small pullback and the next question is were to do an entry for a short position.
1. Bearish Cypher pattern seems to be fullfilled right now.
2. TP1 (0,328 fib) is about to be finished.
3. The volume is falling while the value growes (not a good sign)
I think the 0.79 fib on XC is/was the entry! :)
1. Bearish Cypher pattern seems to be fullfilled right now.
2. TP1 (0,328 fib) is about to be finished.
3. The volume is falling while the value growes (not a good sign)
I think the 0.79 fib on XC is/was the entry! :)
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***0.382 fib
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And yes, I'm short in a longtime perspective. I think we're 1/3 away from the global target by now.
