ETHUSD > Is Breakout in The Cards?
Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.
Analysis of #ETHUSD
Here we can see prices failed at 220 also is minor structure level before it mad triple tops and started to fall to its trendline support and it find decent support at the trendline,
I could not get involved with my clients as the price made the triple and I had no reason will go and retest for the fourth time, so we made the decision to miss this trade and wait for a clear sign like a break and retest of 220 level, and most important factor in our decision was that BTCUSD is at major resistance level, and if it started to fall ETH will fall as well.
now we wait and monitor price action
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Analysis of #ETHUSD
Here we can see prices failed at 220 also is minor structure level before it mad triple tops and started to fall to its trendline support and it find decent support at the trendline,
I could not get involved with my clients as the price made the triple and I had no reason will go and retest for the fourth time, so we made the decision to miss this trade and wait for a clear sign like a break and retest of 220 level, and most important factor in our decision was that BTCUSD is at major resistance level, and if it started to fall ETH will fall as well.
now we wait and monitor price action
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Related publications
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.