ETHUSDT has broken below the Support and on the 4H and 8H has been rejected multiple times from a major Resistance, Now it's at the minor Support area which means it might get a pullback for the 5th time to the Resistance for a retest before it moves down to 2240.23. We need to see the price action on the lower TF carefully to see if there is any good entry for a call or short position.
Happy Trading :)
Happy Trading :)
Note
Now on the 1h TF we have the Bearish pattern.
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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.