Ethereum

ETHUSD | Solid run, but the uptrend is dead on the 2 hour chart!

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ETH closed below its tailing stop around 650, and has reversed course after moving just into overhead resistance. It was a solid run on the 2 hour chart (400 to 650), but distribution bars have taken hold.

What now?

It's time to wait for ETHUSD to reset its basing pattern and watch patiently for a new entry. Remember that on the daily chart, ETH is in a positive uptrend, so shorter term opportunities could arrive with wind still at our backs from a daily perspective. Best of luck.

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.