Ethereum sell a break.
Updated
ETHUSDT - Intraday - We look to Sell a break of 1578 (stop at 1621)
Short term bias is bearish.
We are trading close to the end of an ascending Ending Wedge Formation.
The bias is to break to the downside.
20 4hour EMA is at 1645.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot support is at 1441.
Our profit targets will be 1451 and 1363
Resistance: 1650 / 1730 / 1800
Support: 1600 / 1570 / 1500
Short term bias is bearish.
We are trading close to the end of an ascending Ending Wedge Formation.
The bias is to break to the downside.
20 4hour EMA is at 1645.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot support is at 1441.
Our profit targets will be 1451 and 1363
Resistance: 1650 / 1730 / 1800
Support: 1600 / 1570 / 1500
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