ETHUSD 2D: Expanding Triangle: 30% correction(SL/TP)(NEW)

5 Sep 2020

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ETHUSD 2D: Expanding Triangle: 30% correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagges as SHORT because I expect more short-term
losses and mid-term losses(BEARS).

🔸 Summary and potential trade setup
::: ETHUSD 2days/candle chart review
::: Expanding TOP formation
::: the horizontal support failing now
::: 30% correction pending in this market
::: recommended strategy: SHORT AT MARKET
::: alternatively wait for BOUNCE to SHORT IT
::: TP BEARS Is 260/265 USD
::: based on measured move projection
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment outlook short-term: BEARS