Ethereum is About To Change Direction! [Explanation Included]
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In this idea I will go into depth how to read the recent price action on Ethereum and how you can leverage psychological areas of support and resistance to your advantage. Continue reading to learn more about this!
After the price will continue to drop and indeed get closer to the $200 psychological support, make sure to expect a reversal. You could trade this with a nice long position, as described in the chart.
The logical place to exit the trade is close (but slightly below) to the level of $215.
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- Trading Guru
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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.