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 active
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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.