Ethereum / Tether
Short

$ETH moving on a pullback to $1260 (watch it fall)

101
I'm testing out a new indicator I've made and it does a great job showing me trend pullbacks,, as well as continuations. I'll be releasing this publicly very soon by invite only for testing.

Check it on the daily chart against #Eth looks like I'm about 20hrs early for a pullback but according to the interaction of the moving averages I've made for this, the trend has slowed just enough which means volume is slowing down too.

Price is also lining up to close ABOVE the price action ribbon I've created. This means a short uptrend within the main downtrend (pullback)

Atthispoimt I'm going with a 1:1 since this is essentially happening on both the flip (crossover) of my ribbon and the simultaneous flip of the stochastic #RSI.

After this move completes I expect it to continue to drop to $530.00

This all comes about using my RSI formula for momentum

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