ETH Rejection off Macro Trend

ETH is close to a local top.

I expect an impulse to around 1700 before heading down.

1D MA200 and Macro trend will act as areas for selling.

Good Luck

Kommentera:

Descending trendline

Kommentera:

So far on track. Watch daily candle close for confirmation of a pivot

Kommentera:

There may be a push to test Macro trend/ MA 200 - there watch for reaction

Handel aktiv:

SHORT ETH from $1675

Kommentera:

S/L updated to $1630

Trade stängt: Stopp nått:

50% retracement is at $1642 - I have added more SHORT here and will DCA above it.

Handel aktiv:

SHORT entry is complete: Average entry is at $1651

Kommentera:

S/L to $1615

Kommentera:

S/L to $1585

Trade stängt: Stopp nått:

I will watch to SHORT again.