ETSY is now about to test the 192 level of support for the 6th time. Each time a level is tested, supply is being taken out increasing likelihood of a breakout. I'm looking for this to breakdown to the 178 level. There is a zone of support between 167-178, which would be a profit taking zone. A break above the moving averages would trigger an exit, as long as price stays under the moving average resistance the trade is in play.
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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.