Hi Traders! Ethereum forecast update and follow up is here. On February 25th I shared this “Ethereum Short Term Sell Idea With Two Possible Scenarios” post in Trading View. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available!
My Idea
Based on the above-mentioned analysis my short-term view was bearish here and I was expecting the price to move lower based on the two possible scenarios. The price action followed my analysis and moved as per scenario 1. The price moved lower from the current zone and delivered an excellent move to the downside until it was blocked by a bullish divergence.
(Note: You can learn about a Killer Forex Strategy “Double Trend Line Principle” here)
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To your success,
Vladimir Ribakov
Certified Financial Technician
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