Ethereum on the 2-hour timeframe 📊 is in a critical zone ⚠️
On one hand, it’s currently at a resistance level (the top) 📉
On the other hand, it’s sitting on the EMA 50 and also the Ichimoku Kumo cloud ☁️📈
This means it’s in a relatively strong support area from a technical perspective 👍
But as long as it doesn’t break the current resistance, I won’t consider taking a trade on it 🚫💰
On one hand, it’s currently at a resistance level (the top) 📉
On the other hand, it’s sitting on the EMA 50 and also the Ichimoku Kumo cloud ☁️📈
This means it’s in a relatively strong support area from a technical perspective 👍
But as long as it doesn’t break the current resistance, I won’t consider taking a trade on it 🚫💰
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.