What happens if ETH breaks the Support / EMA?

Hello fellow traders. Another ethereum chart here~

What happens if we break the support ?

Short opportunities! There needs to be significant selling volume, the trades need to be executed as stated selling off before heavy zones off support as there will be small bounces / big bounces that could trigger a reversal.

Breaking the 400 EMA would be bad in terms of ETH's price, but good for us because bitmex exists.

Trade opportunity presented, RSI states BTC is currently not oversold, meaning this supports the idea for potential downside.

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This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.

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Xander

ความคิดเห็น:

If there is a bullish engulfing past 82700 this can be seen as a long opportunity bounce, will update with some parameters there soon~

ความคิดเห็น:

SUPPORT BROKE

ความคิดเห็น:

EMA, support, and below trend line haha.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

First target reached. Risk reward 2+, profits taken!

ความคิดเห็น:

Dont trade current position, buyback is strong.

ความคิดเห็น:

I lied, buyback was not strong, it looked alot stronger on my phone haha- now I'm sat at my laptop i think this was a good postion to be in but nothing worth getting in now.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

2nd target reached~

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

3rd target reached. Crazy volatility!