ETHUSD: Short setup under bearish trend
ETHUSD: ETHUSD is following minor bearish trend line (be with trend),
and 2550 works as resistance level, where fresh bear rally started,
third higher low after respecting trend line. so i would wait
for another touch at resistance or trend line.
Looking for short setup at 2550 at new resistance.
! Strong close above that could be bullish move.
*trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Minor resistance: 2550, look for short setup.
- Minor support: 2410, (short target)
- Strong support: 2321
! leave feedback please.
Image-
and 2550 works as resistance level, where fresh bear rally started,
third higher low after respecting trend line. so i would wait
for another touch at resistance or trend line.
Looking for short setup at 2550 at new resistance.
! Strong close above that could be bullish move.
*trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Minor resistance: 2550, look for short setup.
- Minor support: 2410, (short target)
- Strong support: 2321
! leave feedback please.
Image-
Transaction en cours
Huge accumulation at minor support, price triggered.Trade fermée manuellement
Stop reached, at 22:15 on 16th June. But due to randomness, i wasn't sure when it'll cross classically, then 21:15 on 17th June, support became resistance and price respected resistance nicely.
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Publications connexes
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.