EthereumShort
ETHUSD Short Opportunity
Hello traders !
As you can see,price has made a Rising Wedge pattern. Price has already rejected weekly rsistance level and is heading downwrads. I expect price to reach our 0.618 fibonacci level which nicely fits with a 200 SMA. You can also see a divergence on my RSI (10) indicator. My long-term opinion is a target somewhere around $500 price. But before that will become a reality we need to see a pullback. And this pullback is coming right now.
As you can see,price has made a Rising Wedge pattern. Price has already rejected weekly rsistance level and is heading downwrads. I expect price to reach our 0.618 fibonacci level which nicely fits with a 200 SMA. You can also see a divergence on my RSI (10) indicator. My long-term opinion is a target somewhere around $500 price. But before that will become a reality we need to see a pullback. And this pullback is coming right now.
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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.