We have that in Daily chart a bearish rising wedge, but if I going to lookin in H8, I have a good confirmation to entry in sell.
This it's my Daily chart and this it's my plan if I see any bought in these important zones
Now, looking in the H8 chart, we see that Ethereum it's formed a bearish rising wedge and I see a nice short signal from that I leave a message that I entry in this bearish candlestic, that mean the past 16 hours around of $1,346 dollars.
Now, also noticed that we formed a rejection in this big resitance at $1,400 dollars, I see that Ethereum it's in the next corretion to the down movement toward the $1,070 dollars, this it's my target profit, and my SL I put around of $1,500 dollars. Also, I see that Ethereum it's can to formed a possible double top if we break down this line that formed the bearish rising wedge.
I add my currently analysis of Daily timeframe in Ethereum if you're intersting too.
And the MACD it's another extra confirmation that Ethereum it's make higher low in this indicator. That show that bear are make dominant this.
and the bitcoin price shoe us that make anothe form of resistance in H1 that show a shoulder head shoulder inverted!!! maybe this could be a bull movement
follow the trend!!!
harisonhbn9718
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The price actio. speak us. At the moment,we in in H4 timeframe 2 candlestic that show that bulls make support.
closed up manually!!!
we see a ascendent triangle in flr.ation. we do not have any bearish riaing wedge,because its make invalided the price action. The price action apeak us truely
jdcctrading
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what do you think based on the current movement?
harisonhbn9718
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And guys, if you check out my previsuly analysis on Bitcoin, in the past 16 hours I put a message that I will going to closed up manually the long position becuase Bitcoin could to make bearish, and also, I put another message to sell position in Ethereum around of $1,346 dollars.
follow the trend!!!