I am expecting ETHUSDT is at good position to short due to the following reasons.
Head and shoulder patter appears above current price and now price is retracing the neckline.
SMA indicate death cross in 4 hrs chart.
In daily chart yesterday candle was break the up trend market structure and expecting it will continue further.
To act like this its really important to break the weekly up trend line and see the price movement below that level.
Just my idea and would like to hear your opinion as well.
Thank You !
Head and shoulder patter appears above current price and now price is retracing the neckline.
SMA indicate death cross in 4 hrs chart.
In daily chart yesterday candle was break the up trend market structure and expecting it will continue further.
To act like this its really important to break the weekly up trend line and see the price movement below that level.
Just my idea and would like to hear your opinion as well.
Thank You !