Quick EthUsd Short, setting up for a pull up for an entry at 2950, target 2520. The RSI shows some push back on the downward trend though that just means there will be a delay before the drop. Allowing us to open shorts up at 2950 before the price bottoms out at 2520. Be Patient these markets are chopping and difficult to read. Around Feb 17th I would say we will see sellers over take the buyers based on the cloud remember we are still under the cloud meaning the trend on the daily is still bearish. The conversion line popped the base line meaning and comfirming there will be some upward momentum until the 17th, when we get to the cloud though I will assume it going to get pushed down. The yellow line indicates where you will want your stop to be based off the conversion line now that we are below the conversion line.
Happy Traiding,
"Where'd my wife go?"
-KewlKat
Happy Traiding,
"Where'd my wife go?"
-KewlKat