Ethereum Sell a Break Setup.
Ethereum - Intraday - We look to Sell a break of 3298 (stop at 3371)
We are trading at overbought extremes.
A higher correction is expected.
A break of bespoke support at 3300, and the move lower is already underway.
20 4hour EMA is at 3300.
20 1day EMA is at 3000.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 3103 and 3033
Resistance: 3400 / 3500 / 3600
Support: 3300 / 3200 / 3100
We are trading at overbought extremes.
A higher correction is expected.
A break of bespoke support at 3300, and the move lower is already underway.
20 4hour EMA is at 3300.
20 1day EMA is at 3000.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 3103 and 3033
Resistance: 3400 / 3500 / 3600
Support: 3300 / 3200 / 3100
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