As mentioned previously, Ethereum could be at the tip of huge decline. There were lots of shorting opportunities last week. We took 3 short trades based on Lazy Trend Bitcoin. All 3 were closed in profits!
In the coming week, we should still see weakness in Ethereum. The sell momentum in the past 2 weeks is still very strong. ETH has broken the major support zone , prepare for the heavy decline.
Lazy Trend System still indicate a downtrend with no sign of reversal. All indicators are pointing South.
This week plan:
I will continue to look for shorting opportunities at lower timeframes: H1 and M5.
In the coming week, we should still see weakness in Ethereum. The sell momentum in the past 2 weeks is still very strong. ETH has broken the major support zone , prepare for the heavy decline.
Lazy Trend System still indicate a downtrend with no sign of reversal. All indicators are pointing South.
This week plan:
I will continue to look for shorting opportunities at lower timeframes: H1 and M5.
