US Dollar is still very strong and ETH is in the process of consolidation inside the 1407-1217 area, at the moment is trying to break up from a small wedge, I think this pop will be limited to R1 or the old Support line that now is a Resistance area so between 1330 and 1345, i would sale a rejecton at one of these two resistance area down to DO and ML ; RSI on 15 M is going to overbought area and 30M and 1H are already in the overbought, so i expect a bounce up but limited to the resistance area; will short one of these two spot after confirmation of rejection, 1350 should contained the up moved at the moment, but always look at BTC becouse if BTC pop up over 19500, ETH will follow and wait that 15 M get to the overbought area prior opening a trade
Trade active
small short position opened here 20%Note
short position increased to 30%Note
perfect enter trade closed with a decent profit
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.