It's too early to tell how ETH/USD will move this week. However, using the daily chart as reference along with fibonacci retracement, I would lean on having a bearish approach.
If I would short this, solid stop loss must be implemented at 1,286 and/or 1,295 if one feels that adding an allowance would be a benefit.
Note:
PlusCoin (
PLC) - A decentralized cashback platform on the Ethereum blockchain.https://pluscoin.io/
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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.