Ethereum / TetherUSShort
ETH! KEEP AN EYE ON !
Hello Traders and everyone, HADI IS HERE
If you like the idea, do not forget to support with a like and follow.
As we can see price get stock inside this consolidation for a couple of weeks trading inside the upper and the lower bounds right !
and as we can see from a medium and long term perspective ETH was overall bearish trading inside this falling channel
for now what !?
for now price is approaching the upper bound of the range and the falling trendline where we will searching for sell setups
for the bears to take over from a short term perspective we need a new swing low to form around our trendline then a break as shown in the projection
until that happens price is overall bullish from a short term and we can still trade higher till the next resistance zone 1700
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
As we can see price get stock inside this consolidation for a couple of weeks trading inside the upper and the lower bounds right !
and as we can see from a medium and long term perspective ETH was overall bearish trading inside this falling channel
for now what !?
for now price is approaching the upper bound of the range and the falling trendline where we will searching for sell setups
for the bears to take over from a short term perspective we need a new swing low to form around our trendline then a break as shown in the projection
until that happens price is overall bullish from a short term and we can still trade higher till the next resistance zone 1700
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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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.
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.