Ethereum look in the exact point and very interesting to short and put a sell order place.
I like to trade cryptocurrencies in H4 timeframe or above, but based in Daily focus.
So, Ethereum formed a bearish evolving pattern, what we could to see that this will be the new higher low of the previously them. And a formation of bearish rising wedge, Ethereum could to explode this movement to the downside very soon. What I will put a sell order place to $1,600 USD, Stop Loss to $1,722 USD and take profit to $1,356 USD. So, this it's a risk/benefit of 1:2. It's a good proportion to short Ethereum from this point.
So guys, if you're interested to short cryptocurrencies, I suggested you to be very focus in Forex market first as Forex market make movement very correlated with financial market, cryptocurrencies it's an attractive world if you know how to trade crypto-assets and become a trader in cryptocurrencies could to help you if you combine your talent with Forex market and take this understanding how this market work in correlation with Forex.
I hope that this idea support you!!!
For me, Forex it's an easy market to trade, if I can to trade Forex, I must to trade cryptocurrencies. Trading it's a lot practice than theory, guys.!!!
I like to trade cryptocurrencies in H4 timeframe or above, but based in Daily focus.
So, Ethereum formed a bearish evolving pattern, what we could to see that this will be the new higher low of the previously them. And a formation of bearish rising wedge, Ethereum could to explode this movement to the downside very soon. What I will put a sell order place to $1,600 USD, Stop Loss to $1,722 USD and take profit to $1,356 USD. So, this it's a risk/benefit of 1:2. It's a good proportion to short Ethereum from this point.
So guys, if you're interested to short cryptocurrencies, I suggested you to be very focus in Forex market first as Forex market make movement very correlated with financial market, cryptocurrencies it's an attractive world if you know how to trade crypto-assets and become a trader in cryptocurrencies could to help you if you combine your talent with Forex market and take this understanding how this market work in correlation with Forex.
I hope that this idea support you!!!
For me, Forex it's an easy market to trade, if I can to trade Forex, I must to trade cryptocurrencies. Trading it's a lot practice than theory, guys.!!!
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