Short ETH

13 Eki 2022

ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF.

RSI's trendline was also broken which increases the probability that prices will continue the down direction.

In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this trade.

Here below is the view in 1W TF:

13 Eki 2022

İşlem aktif

TP1 $1220 was hit.

14 Eki 2022

İşlem elle kapatılmış

BTC and the whole market is strong. Better close trade here and wait for a reactivation later.

14 Eki 2022

İşlem aktif

Trade reactivated

16 Eki 2022

İşlem elle kapatılmış

Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)

18 Eki 2022

İşlem aktif

BTC is weak although stock has risen.

25 Eki 2022

İşlem elle kapatılmış

Trade closed waiting for better entry and condition.