eth seems to be in a slow downtrend for awhile now
for the people with grid trading bots
buy zone $199-200 ( support )
sell zone $202.5 ( resistance )
looking for a close above the top pitchfork line to break downward trend
should see quick retraces to support area if hit fib line at $203
might see a retrace to second support area at $189 if hit the fib line at $205 or a break out to test $211 ( been lots of accumulation this last week )
as always keep those stop losses tight ( $185 area )
for the people with grid trading bots
buy zone $199-200 ( support )
sell zone $202.5 ( resistance )
looking for a close above the top pitchfork line to break downward trend
should see quick retraces to support area if hit fib line at $203
might see a retrace to second support area at $189 if hit the fib line at $205 or a break out to test $211 ( been lots of accumulation this last week )
as always keep those stop losses tight ( $185 area )
Note
looks like we going to test $211 area woohooooo
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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.