The ETHBTC pair is really bearish. The trend is obvious here. The first red box would be my area for a short. The second red box is an important Resistance. It is outside of the falling wedge yet, so I would only use this area to long back if and only if it breaks and closes above.
Important price to watch:
Important price to watch:
- 0.0225 (1st resistance)
- 0.0250 (2nd resistance)
Note
Since last week, ETH reacted well and bounced at the level I expected and is heading to 0.0223 levels.[img]
Note
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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.