ETH is trending down in a broader trend channel and has now reached the upper trendline again.
There is a short opportunity at the resistance level (1220). If the market turns down now there is a good chance of testing the low again (1080).
This retest would also be a second leg down and could also be a move inside a developing trading range (1220 -> 1080).
There is a short opportunity at the resistance level (1220). If the market turns down now there is a good chance of testing the low again (1080).
This retest would also be a second leg down and could also be a move inside a developing trading range (1220 -> 1080).
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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.