Ethereum - More Signs Towards The Downside

Тема в разделе "English", создана пользователем Trading Ideas, 5 окт 2019.

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    3571642-cPM1_mid.png
    Ethereum - More Signs Towards The Downside
    ETH/USD COINBASE:ETHUSD
    RSibayan
    I1I4BB6M_mid.png
    Ethereum Bears are still feasting.

    Target to the downside is $168 @ the Golden Ratio of 0.618 on the Fibonacci Retracement Tool.

    If the Bulls try their move, the descending line of the Descending Triangle will be resistance at $176

    Price continues to be under the 21EMA.

    Bear Volume is rising.

    Bearish RSI .

    Stoch RSI Momentum Directed Downwards.

    Support Line since Sept 26 has just been breached.


    Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.

    >>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<



    Constructive and positive comments are welcome.

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    Ron (The Intrepid Trader)



    This is not financial advice. Do your own TA and use this chart to help you decide what trade you want to make.
     
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