EthereumShort
ethusd daily worst case scenario 50% correction
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🔸Hello traders, let's review the daily price chart for ETH today. This is the worst case
scenario option, 50% correction after breakdown of the rising wedge pattern in downtrend.
🔸ETH is compressing into rising wedge technical pattern in the downtrend, which
normally resolves in downside breakdown and continuation of downtrend. having said
that, do not panic, UNTIL we get a break below 1500 USD (sliding bullish TL s/r).
🔸Recommended strategy for crypto traders: remains to be seen if ETH can hold the
key S/R level near 1500/1550 USD, however, if we get a confirmed breakdown of 1500/1550
USD I recommend to get out of the alt coins and get ready for a deep correction in crypto
space. This is not a trade setup, a warning for the traders of a potential extended
crypto winter and correction if ETH fails to hold ground near 1500 USD. good luck!
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
scenario option, 50% correction after breakdown of the rising wedge pattern in downtrend.
🔸ETH is compressing into rising wedge technical pattern in the downtrend, which
normally resolves in downside breakdown and continuation of downtrend. having said
that, do not panic, UNTIL we get a break below 1500 USD (sliding bullish TL s/r).
🔸Recommended strategy for crypto traders: remains to be seen if ETH can hold the
key S/R level near 1500/1550 USD, however, if we get a confirmed breakdown of 1500/1550
USD I recommend to get out of the alt coins and get ready for a deep correction in crypto
space. This is not a trade setup, a warning for the traders of a potential extended
crypto winter and correction if ETH fails to hold ground near 1500 USD. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
this is a warning not an actual trade setupNote
btcusd 8hours yi long ma caused liquidations target is 24000 USD
Note
🔸Chinese billionaire Yi Long Ma (*sarc) triggered the recent sell off event in crypto after disposing 400 mln usd worth of BTC, this caused 1 bln USD + liquidations across the board and all supports broke down and currently we are in DUMP mode trading near 27 000 USD.
t.me/thesyndicate001
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