ETH/USD Technical Analysis - Two Scenarios
Ethereum is currently moving upside on the 4H chart, however:
-It is making a 3rd touch on its ascending channel as well as it is touching the resistance level of 236-240;
-Price is way above the moving averages on the Daily Chart;
-RSI is overbought on the Daily Chart;
Right now, the smartest option is waiting to see what happens:
-If we see a price rejection of the resistance level, a SHORT position would be the best play.
-If we can break the resistance level with an impulsive candle, we can try to catch a retest of that same level for a LONG position.
Do always use stop-losses and remember this is not financial advice.
-It is making a 3rd touch on its ascending channel as well as it is touching the resistance level of 236-240;
-Price is way above the moving averages on the Daily Chart;
-RSI is overbought on the Daily Chart;
Right now, the smartest option is waiting to see what happens:
-If we see a price rejection of the resistance level, a SHORT position would be the best play.
-If we can break the resistance level with an impulsive candle, we can try to catch a retest of that same level for a LONG position.
Do always use stop-losses and remember this is not financial advice.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.