Ethereum: 320$ and 300$ as Targets for Bears
If we look at the 4H chart of Ethereum using Ichimoku indicator, we will see a bearish market with the potential to reach 320$ and 300$ support zones. The price is below the cloud and it is moving down. It confirmed the downtrend. DMI is bearish and ADX line confirms the strength of the bears.
If the price breaks 334$, which is local support, we will see the continuation of the downward movement. The main targets for the bears will be the support zones where we will be able to get new trade opportunities for buying.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks 334$, which is local support, we will see the continuation of the downward movement. The main targets for the bears will be the support zones where we will be able to get new trade opportunities for buying.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.