ETH looks like it isn't quite done with the upside even though there is a wavecount that indicates that it may have topped out. I personally think we see some more upside but lets let the market lead.
I put up one 2 trades to consider. Not very attractive risk reward, but trades nonetheless.
I put up one 2 trades to consider. Not very attractive risk reward, but trades nonetheless.
Note
`nice neat dip followed by buyers swooping in along the trend line. I think we are setting up to go higherNote
Im starting to reconsider the long-side, however, Im not really convinced that 338 was a peak. There wasn't enough volume to cause a complete change in sentiment. Needless to say, there has been a pickup in volume as ETH trades lower. If it continues to slip lower, I expect a test of 169 before buyers come in.
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Disclaimer
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.