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ETHUSD - 20% Cyclical Trade?

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Hey traders!

I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this triangle.

***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
הערה
At confirmation line!
הערה
Nice! Next is to take out this support with a daily candle close. RSI is blowing firmly behind our backs.
תמונת-בזק
הערה
Daily candle has closed below support. ;)
הערה
Almost at our TP box! The trading range will offer some support at 137ish where its likely to consolidate. I usually ride the selloffs until there is somekind of reversal given margin costs are not too bad.
תמונת-בזק
עסקה סגורה: היעד הושג
Yeeehaw!
2k18bearmarketaltcoinChart PatternsETHETHBTCEthereum (Cryptocurrency)ETHUSDTechnical IndicatorsTrend Analysis

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