ETH/USD Technical Analysis - Two Scenarios
Ethereum is currently moving upside on the 4H chart, however:
-It is making a 3rd touch on its ascending channel as well as it is touching the resistance level of 236-240;
-Price is way above the moving averages on the Daily Chart;
-RSI is overbought on the Daily Chart;
Right now, the smartest option is waiting to see what happens:
-If we see a price rejection of the resistance level, a SHORT position would be the best play.
-If we can break the resistance level with an impulsive candle, we can try to catch a retest of that same level for a LONG position.
Do always use stop-losses and remember this is not financial advice.
-It is making a 3rd touch on its ascending channel as well as it is touching the resistance level of 236-240;
-Price is way above the moving averages on the Daily Chart;
-RSI is overbought on the Daily Chart;
Right now, the smartest option is waiting to see what happens:
-If we see a price rejection of the resistance level, a SHORT position would be the best play.
-If we can break the resistance level with an impulsive candle, we can try to catch a retest of that same level for a LONG position.
Do always use stop-losses and remember this is not financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.