ETH/USD next move
Updated
This is 2-hour Ethereum (ETH/USD) chart outlines a bearish trade setup:
Resistance/SL Area ($3,444.90): If the price moves above this level, the bearish idea is invalidated, and stop-loss is triggered.
Support/Target Area ($3,156.62): The price is expected to drop toward this support zone, marking the profit target.
The price is consolidating, and the chart anticipates a downward breakout. The trade assumes risk up to $3,444.90, with potential gains as the price moves toward $3,156.62.
Resistance/SL Area ($3,444.90): If the price moves above this level, the bearish idea is invalidated, and stop-loss is triggered.
Support/Target Area ($3,156.62): The price is expected to drop toward this support zone, marking the profit target.
The price is consolidating, and the chart anticipates a downward breakout. The trade assumes risk up to $3,444.90, with potential gains as the price moves toward $3,156.62.
Note
Note: This analysis is for educational purpose not an advice to trade kindly remember it and trade at your risk.Order cancelled
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.