ETHUSD-SELL strategy MT
ETH/USD COINBASE:ETHUSD
Am sure many disagreement on this one. Especially the crypto and NFT hypes.
The chart is clearly a SHS top and neckline is around $ 2,500 (rounded). It also coincides with the cloud support $ 2,550 area, so any break below that level and sustained break, should see major move down. Imagine based on the calculation, we go close to ZERO. This is medium-term view of course.
Of course, it will not be a one way traffic and think if we see $ 1,000 it may correct a bit and consolidate. So am suggesting this is the profit objective for now. place stop-loss above $ 3,350 for now.
