Hi Traders,
ETHUSD has been on a decline since December last year, there has been lots of talk about what we could expect from cryptocurrencies, I just follow what the chart tells me, and We can see that price has come from a nice push to the downside and has now created a small channel on the 30 min timeframe.
Based on the Higher timeframe I am more interested in seeing price break the lows and the following momentum, if we do get a break out above we could see the buys short-lived,
I will be aiming for the lows of 1700. Should the setup play out?
I will be back with more analysis tomorrow.
Renaldo Philander
ETHUSD has been on a decline since December last year, there has been lots of talk about what we could expect from cryptocurrencies, I just follow what the chart tells me, and We can see that price has come from a nice push to the downside and has now created a small channel on the 30 min timeframe.
Based on the Higher timeframe I am more interested in seeing price break the lows and the following momentum, if we do get a break out above we could see the buys short-lived,
I will be aiming for the lows of 1700. Should the setup play out?
I will be back with more analysis tomorrow.
Renaldo Philander
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.