ETH possible short
Been watching ETH for a while now. Successfully rejected on 15min chart, bearish confirmation.
Short in a short-term, possible support at 1940. Also the unlock news doesn't favour Ethereum. On daily, there might be a cup and handle formation, which leads us to support around 1720.
If long, I'd wait for entry around 1750-1800.
These are just my thoughts. Remember, I have no idea what I'm doin.
disclaimer: I have got short position.
Short in a short-term, possible support at 1940. Also the unlock news doesn't favour Ethereum. On daily, there might be a cup and handle formation, which leads us to support around 1720.
If long, I'd wait for entry around 1750-1800.
These are just my thoughts. Remember, I have no idea what I'm doin.
disclaimer: I have got short position.
Note
Also, some might say weekly resistance is broken. But I think it might be a fakeout on an overbought territory.
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.
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.