Daily Ethusd requires some rocket fuel to reverse into a positive position again. Current set-up is bearish on daily chart. A close below 2300 suggests further downside. An inverted pennant is drawn which would suggest a bear market floor of 392. Off course this this would be invalidated IF. A daily candle closes outside upper boundary of Pennant. Reversals may occur at Noted resistance levels. Bull case will be developed if we can close above 2916.
T2 = 2916
T1= 2719
R1 = 2264
R2 = 1961
R3 = 1628
T2 = 2916
T1= 2719
R1 = 2264
R2 = 1961
R3 = 1628
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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.