Testing lower trendline, 61.8 retracement, oversold on most technical indicators.
Great Risk: Reward
1:6
After a heavy sell-off, Ethereum has found support and gained 50% in the past 33 days. With strong buying volume and 3 clear bounces, I believe this to be a great entry for a long position. If the lower trend-line is broken, then I will look at a possible short.
Post thoughts and comments!
Great Risk: Reward
1:6
After a heavy sell-off, Ethereum has found support and gained 50% in the past 33 days. With strong buying volume and 3 clear bounces, I believe this to be a great entry for a long position. If the lower trend-line is broken, then I will look at a possible short.
Post thoughts and comments!
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.
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.