ETH short-term bullish, over the weekend Bearish
ETH is up 1 per cent on the day, however according to Nouvive’s rule of trading and our Algorithm, it looks to be that ETH will pop to the green box – our entry level, before retracing to the weekly lows.
This would represent between a 12% move to a 50% move.
Nouvive recommends a Sell on Binance for Amateur traders and those with more than 8 Months knowledge can use Bitfinex for a 5X Leverage.
Enter Short or Sell – $490
Stop Loss – $510
Risk Level – 3 Per cent
Take Profit – $430
Profit – 11.52%
With Leverage at 5X – that Profit would be around 50%, for that Nouvive, recommends a stop loss at $492 representing a 0.6% risk level.
Time Frame: Over the Weekend
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