Hello everybody!
Ethereum has reached a strong supply/resistance area in the daily timeframe.
As we see on the chart, lower highs have started to forming.
In addition to that, an upward trendline has been broken.
Keeping in mind that overall trend is bullish, we can look to short time sell positions here.
The first target can be 3300-3400.
If the price breaks below 3300, we can expect it to go lower toward 3100 area.
Manage your risk and trade safe!
Ethereum has reached a strong supply/resistance area in the daily timeframe.
As we see on the chart, lower highs have started to forming.
In addition to that, an upward trendline has been broken.
Keeping in mind that overall trend is bullish, we can look to short time sell positions here.
The first target can be 3300-3400.
If the price breaks below 3300, we can expect it to go lower toward 3100 area.
Manage your risk and trade safe!
Trade attivo
Trade chiuso: stop raggiunto
After giving the signal, a new demand zone formed on the chart.Price came back down just to that area and then moved higher.
We’re still looking to go short from the higher supply zone, but we will wait for confirmation.
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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.