ETH price fell hard and traded below the $300 handle against the US Dollar.
There are two bearish trend lines forming with resistance near $320 on the hourly chart of ETH/USD (data feed via SimpleFX).
The price might correct higher, but likely to face sellers near $300, $320 and $330.
RSI will confirm price reversal within 1-2 days. The market has good chances for continuation the main uptrend. Let's watch closely for the price action near 300.00 level and be ready to catch possible upward movement.
Open a long trade at the current level or on the levels which are place on the chart
There are two bearish trend lines forming with resistance near $320 on the hourly chart of ETH/USD (data feed via SimpleFX).
The price might correct higher, but likely to face sellers near $300, $320 and $330.
RSI will confirm price reversal within 1-2 days. The market has good chances for continuation the main uptrend. Let's watch closely for the price action near 300.00 level and be ready to catch possible upward movement.
Open a long trade at the current level or on the levels which are place on the chart
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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.
Related publications
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.