Signal for shorting ETHUSD if Chikou Span (green line) goes below Tenkan Sen (blue line) at the closure of a 4h candle.
Then I will look for an entry point
Then I will look for an entry point
Nota
Actually we could consider that the Kijun Sen is making a resistance on the Chikou Span. In that perspective we could start shorting now. The only issue I have right now is the three red candles in a row we just had which indicates that a green candle may be forming right now.
Nota
On the hourly chart:Tenkan sen (blue line) should be a resistance
Nota
(a) ETH may find some support on Senkou Span A (SSA)(b) Tenkan Sen (blue line) and Kijun Sen (Red line) could be a support for Chikou Span (green line)
Nota
On the hourly chart(a) As expected the lower part of the rising wedge showed some support
(b) now both Kijun Sen (red line) and Tenkan Sen (blue line) will be a support
(c) but Senkou Span B (upper part of the cloud) will be a strong resistance
(d) Chikou span (green line) will probably hurt a resistance on its Kijun (red line)
Trade attivo
Let's go down nowNota
Nota
Huge breakdown but... Long positions on ETHUSD are still very high => Huge potential to go down.Nota
I'm still bearish on Ethereum however it is not the moment to enter a short position. Look at the bullish divergence on the daily timeframe. RSI is still in the oversold territory.Trade chiuso manualmente
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.