Unchained_Trading

ETH/USD

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Unchained_Trading Uppdaterad   
COINBASE:ETHUSD   Ethereum
Our Ethereum setup from September 21st has played out well so far and the minimum target has been reached. Now it is setting up for a potential short opportunity for the next push to the downside. If you didn't catch our swing short setup on September 1st at $471, this is the next shot at it.


If we don't reject from here or the .786, my ideal entry would be at the 1:1 with a stop loss at $456. The stop loss may sound far away, but it still presents an opportunity with a greater than 2:1 R/R and $450 is a great area of confluence between the 1.618 extension, the .786 retracement, as well as a strong area of resistance.

That's just in the short term. Really, the move that we have been looking for is significantly greater.
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