Looking at ETH/USD I am not sure about this support level. I feel more downside is likely and the next level down provides a more convincing spot to build a base of support.
I would be tempted to short with a tight stop at this juncture.
I would be tempted to short with a tight stop at this juncture.
Note
INVALIDATIONRelief rally went to the resistance and invalidated this idea.
Note
I was correct on this one, just not on the timing.
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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.