- August 5, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Two weeks ago when Ethereum was trading at $265, I called for a buy as seen on the idea below:
It since broke $400 and now I shift my focus on the ETHBTC pair, which is giving me a Sell Signal:
Pattern: Channel Up on 1D.
Signal: Sell as the price hit the 0.035 May 16, 2019 Resistance, while being close to the Sell Zone of the Channel’s Higher High, as well as forming a bearish Lower High on the RSI and approaching the LMACD Sell Zone.
Target: The 1D MA200 (happened twice since March 2020).
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