Hi Ethereum has reached the upper limit of a "Bear CHannel", see chart.
The expectation is that it will return to the mean (dotted line).
By placing your stop above the 2nd of theHhigher Highs and entering short at current price the traget wil be a mean reversion trade.
This represents a 2:1 Risk Reward - Risk $1 to make $2..
Hope this helps,
Sean Vengan
Professional Cryptotrader and Trading Educator
The expectation is that it will return to the mean (dotted line).
By placing your stop above the 2nd of theHhigher Highs and entering short at current price the traget wil be a mean reversion trade.
This represents a 2:1 Risk Reward - Risk $1 to make $2..
Hope this helps,
Sean Vengan
Professional Cryptotrader and Trading Educator