ETHUSD - Short Idea
Updated
Greetings friends,
Ethereum broke above daily resistance and closed back below, indicating a deviation to the upside might be formed and a top for Ethereum is in. It is currently retesting previous support 176, confluence with H4 bearish EMA cross, and RSI below the mid line.
Invalidation if price reclaims resistance 176.
Comment below and let me know what you think.
If you find my analysis useful, like and subscribe are greatly appreciated.
Disclaimer: I am not a financial advisor and you should always do your own research before engaging any trade.
Ethereum broke above daily resistance and closed back below, indicating a deviation to the upside might be formed and a top for Ethereum is in. It is currently retesting previous support 176, confluence with H4 bearish EMA cross, and RSI below the mid line.
Invalidation if price reclaims resistance 176.
Comment below and let me know what you think.
If you find my analysis useful, like and subscribe are greatly appreciated.
Disclaimer: I am not a financial advisor and you should always do your own research before engaging any trade.
Note
Stop loss hit for -1R. Should have pay attention to H1 EMA bullish cross. Onto the next one!Thread closed.
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.