Hello Word, The future of CL is presenting a good scenario to open a short position for a couple of days. Here my reason why, The price is getting correction of Fibo 61,8% The price is near to a Resistence (green line) The suplly is stronger that demand ( in the correction the volume is less) The SMA 30 is near very near to the price. There so many resistence...
Some of my reasonS why I think we are confirming 9.500K - 10K. * Double Bottom * Volume decrease from highest last month * Less Volume form the previous low * Touching major resistance It looks a good scenario to move forward for the fibonacci retracements - Fibo 38,2 % --> 10.700K - Fibo 50% --> 11172K - Fibo 61,8% --> 11650K #GoodTrading
Some of my reason why I think ETH has a good set up to entry long.....but.. as you know..everything depends of BTC moves. Double bottom Less volume than previous low touching fibo 62.8% from the previous long tendency. Strong support around 200$ It looks a good scenario to take a fibo target. #GoodTrading