Hi,
Looking to short ETHUSD, as I saw it is just at resistance level. Furthermore, by the time it reaches its previous high it started having problems, getting some big retracements.
I need to see the reaction of the price from 905.00 (if it goes there). The overall movement is slowing down. Slow approach towards daily resistance.
Initial target 865.00. Main target - daily low.
Looking to short ETHUSD, as I saw it is just at resistance level. Furthermore, by the time it reaches its previous high it started having problems, getting some big retracements.
I need to see the reaction of the price from 905.00 (if it goes there). The overall movement is slowing down. Slow approach towards daily resistance.
Initial target 865.00. Main target - daily low.
Note
Watching buyers' reaction now.Note
Buyers' attempt looks healthy. I am still standing by.Note
We got an opportunity for short only to the recent H1 support and then the price blasted. That's why we should respect S/R's not only at one single time frame.However, I wasn't invloved into this particular trade.
Note
In anticipation of another short opportunity. Looking to sell from 950.00 with really good risk to reward ratio. The price is reflecting the daily resistance on H4 time frame now. I just need a better price to sell now.Note
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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.