AppY-Crypto

SHORT ETH towards 100% projection and 50% retracement

بيع
BINANCE:ETHUSDT   Ethereum / TetherUS
Here is a perfect short oppertunity for ETH, since we have formed a wonderful pattern within the retracements, ETH is to be expected to soar lower to ultimate target 100% projection and its 50% retracement level on the 4 hourly.
We expect therefore a target around 860.
This pattern is formed due the double top forming from the 38.2% towards its 14.6% and 9% level.
We shorted ETH from its 14.6% however, I was a bit late, I do still believe entering this transaction will benefit. Risk reward from current level is around 1.12.
Stops are set above the 0% level, wich is obvious!
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