Ethereum - Intraday - We look to Sell a break of 3038 (stop at 3131)
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 3050, which will confirm the bearish sentiment.
Short term bullish momentum has stalled.
A lower correction is expected.
The medium term bias remains bullish.
Our profit targets will be 2777 and 2717
Resistance: 3200 / 3300 / 3400
Support: 3050 / 2950 / 2900
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 3050, which will confirm the bearish sentiment.
Short term bullish momentum has stalled.
A lower correction is expected.
The medium term bias remains bullish.
Our profit targets will be 2777 and 2717
Resistance: 3200 / 3300 / 3400
Support: 3050 / 2950 / 2900
Trade closed: stop reached
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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.