It's 5am....., I'm lazy. Short and sweet of it? We going down folks and that is all there is to it.
ETHUSD
's prevailing trend is down, more downside volume than we do upside volume during a continuation phase should be enough of a clue that sellers are still a lot more aggressive than buyers. Also appears we are forming a descending triangle which is a bear signal anyway and a clue that the downside is MUUUCH more likely to continue very soon, which makes this an easy shorting opportunity, simply look for a high volume break to the downside past 450....Best thing to do at this point is short ETH and play the range game when price patterns take a break into a consolidation phase. Price objective still down to 400, then to 350... both of which are support. Cheaper prices here we come! Happy trending everyone.
ETHUSD
's prevailing trend is down, more downside volume than we do upside volume during a continuation phase should be enough of a clue that sellers are still a lot more aggressive than buyers. Also appears we are forming a descending triangle which is a bear signal anyway and a clue that the downside is MUUUCH more likely to continue very soon, which makes this an easy shorting opportunity, simply look for a high volume break to the downside past 450....Best thing to do at this point is short ETH and play the range game when price patterns take a break into a consolidation phase. Price objective still down to 400, then to 350... both of which are support. Cheaper prices here we come! Happy trending everyone.