EthereumShort
ETHUSD: Daily
Looking at the support levels I think this is a good entry for a short, 131 is what I like. It has kinda bounced of the support before and rising sell pressure in terms of volume aids this concept. Yet breaking through this point could be difficult as we are finding the buy/sell support also borders the top of the ichimoki cloud. Thus, if this is broken a fast fall down to 124 wouldn't be surprising if we just look at the previous recent support zones. This is also the point I will set as my TP.
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.