Long Ethereum
ETH price fell hard and traded below the $300 handle against the US Dollar.
There are two bearish trend lines forming with resistance near $320 on the hourly chart of ETH/USD (data feed via SimpleFX).
The price might correct higher, but likely to face sellers near $300, $320 and $330.
RSI will confirm price reversal within 1-2 days. The market has good chances for continuation the main uptrend. Let's watch closely for the price action near 300.00 level and be ready to catch possible upward movement.
Open a long trade at the current level or on the levels which are place on the chart
There are two bearish trend lines forming with resistance near $320 on the hourly chart of ETH/USD (data feed via SimpleFX).
The price might correct higher, but likely to face sellers near $300, $320 and $330.
RSI will confirm price reversal within 1-2 days. The market has good chances for continuation the main uptrend. Let's watch closely for the price action near 300.00 level and be ready to catch possible upward movement.
Open a long trade at the current level or on the levels which are place on the chart
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