ETHUSDCurrently trading at 2430. If it goes up slowly slowly then it can take RESISTANCE in the upper trendline as you can see in the chart. If 3 to 4 candle formed near the upper TRENDLINE then from there it can again come down and fall up to the price of 2370. If the price goes up in a flow then there will be high chance of breakout of the upper TRENDLINE.NOTE
1. Short between (2450-2420) Only after seeing at least three small candle rejection from the upper TRENDLINE.
2. STOPLOSS- 2465 (Respect your STOPLOSS)
3. TARGET- 2370
WILL KEPP UPDATING
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Note
As I said there should be at least 3 or 4 candle near the upper trendline. If you see the chart there is only small candle and then a big red candle. So in this case the signal is not valid.
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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.