Get started
Ethereum
Updated

ETH may re-test recent lows

152
ETHUSD might retest the lows if it breaks the support level of ~$450.

As we saw, it tried to break support multiple times in past few days and not successful. The triangles do suggest a movement. Assuming it follows the trend line in dark green there is a downward movement as noted yesterday.

Looking for an entry point around ~$402.. if not, ~$420.
Trade active
It actually did follow the trendline. But, with BTCUSD price going past ~12K, I m surprised to see hot ETH hold on to its levels. If traders try to sell some positions in BTCUSD, ETH should be back up to $460 levels. But the recent downtrend might continue.
Trade active
Following the trend line as anticipated. Now, its time to test $402.
Trade active
Bought some position at $420. Next entry at $402 and close.
asish.asish12
Chart PatternsETHEthereum (Cryptocurrency)ETHUSDTrend Analysis

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.
Chart PatternsETHEthereum (Cryptocurrency)ETHUSDTrend Analysis
asish.asish12

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.