Short ETH

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ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF.

RSI's trendline was also broken which increases the probability that prices will continue the down direction.

In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this trade.

Here below is the view in 1W TF:

١٣ أكتوبر ٢٠٢٢

تم فتح الصفقة

TP1 $1220 was hit.

١٤ أكتوبر ٢٠٢٢

تم إغلاق الصفقة يدويًا

BTC and the whole market is strong. Better close trade here and wait for a reactivation later.

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تم فتح الصفقة

Trade reactivated

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تم إغلاق الصفقة يدويًا

Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)

١٨ أكتوبر ٢٠٢٢

تم فتح الصفقة

BTC is weak although stock has risen.

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تم إغلاق الصفقة يدويًا

Trade closed waiting for better entry and condition.