ETH SHORT
Updated
Stoch RSI its oversold, macd is starting to point down but the most important signs is price action (candlesticks)
We have rejection on a major trendline that has acted as resistance and this will be considered a higher low if it gets rejected again which will then be a good short. We also have the Weekly 200 EMA close to that same level than is hard resistance that can push price down.
I would wait for a retest of trendline or for the price to create another higher low on the 4hr TF to short.
Targets are the monthly support lines on chart.
We have rejection on a major trendline that has acted as resistance and this will be considered a higher low if it gets rejected again which will then be a good short. We also have the Weekly 200 EMA close to that same level than is hard resistance that can push price down.
I would wait for a retest of trendline or for the price to create another higher low on the 4hr TF to short.
Targets are the monthly support lines on chart.
Comment
if ETH fails to move upward we can start going down to he $200 levels following by $185 (50EMA) this is a long term trade, we tested the 200 ema multiple times already (250 zone)Disclaimer
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