Bearish engulfing pattern
The price created Bearish engulfing pattern on the chart. This is reversal signal of the uptrend move.
Taking into account situation on lower timeframes, where the bulls are taking action, I'm expecting the ETHXBT to return above level 23,6% of drawn fibonnacci retracement. When this occurs, it will be the best moment to open short position.
Moreover there is Bearish Divergence on RSI, however this signal in my opinion is not very strong.
The take profit level for me is below 0,07.
The coming weeks will belong to bears.
The Bitcoin is getting segwit, which in opinion of many people is very bullish signal, that's why the money will move to it.
The worsening situation on ETH market will probably impact many incoming ICO's.
Taking into account situation on lower timeframes, where the bulls are taking action, I'm expecting the ETHXBT to return above level 23,6% of drawn fibonnacci retracement. When this occurs, it will be the best moment to open short position.
Moreover there is Bearish Divergence on RSI, however this signal in my opinion is not very strong.
The take profit level for me is below 0,07.
The coming weeks will belong to bears.
The Bitcoin is getting segwit, which in opinion of many people is very bullish signal, that's why the money will move to it.
The worsening situation on ETH market will probably impact many incoming ICO's.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。