ETH is having a major resistance near 1850 which is also fib level 0.764. We can expect a trend reversal from this price level.
Alternate case , if price falls below 1700 , it will dive upto 1550 which is fib level 0.236.
Pending orders for short from 1850 and 1860 keeping a tight sl of 1900.
Sell Stop orders from 1690 with target of 1550 and sl 1725.
Short term buy signal from current price upto 1840 , sl 1750.
I will keep updating the Analysis as we see movement in price.
Good Luck to all.
Alternate case , if price falls below 1700 , it will dive upto 1550 which is fib level 0.236.
Pending orders for short from 1850 and 1860 keeping a tight sl of 1900.
Sell Stop orders from 1690 with target of 1550 and sl 1725.
Short term buy signal from current price upto 1840 , sl 1750.
I will keep updating the Analysis as we see movement in price.
Good Luck to all.
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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.