A Inverse CUP and Handle Pattern is being formed in the crypto, Once the Crypto closes below 35460 the pattern will be complete. Short Position should be entered once the crypto closes below the given level.

Inverse Cup and Handle Failure rate is comparatively low compared to cup and handle.  The Crypto is trading below the EMA which in itself is a good sell signal.

The RSI is forming a Descending Pattern. A breakout on the downside can be another confirmation on the Sell side.

The DMI- is trading above DMI+ which suggest negative direction and the ADX trading above both the DMI which suggest strength in the move.

Advice : Sell below the mentioned levels.

ETH/USD

KUNAL KAMBLE

Jan 03 2022