ETHUSD - Long - But waiting for conformation bounce on support
Updated
ETHUSD is at an important level right now, just touching a long term trend line. If this holds ill be looking for an entry and then targeting the horizontal resistance at $270.
The reason I am leaning towards the bullish side is largely to do with the RSI. Ill also be watching the RSI to see how it reacts to the Orange trend line.
The reason I am leaning towards the bullish side is largely to do with the RSI. Ill also be watching the RSI to see how it reacts to the Orange trend line.
Trade active
ETHUSD has broken down below the ascending trend line. Now waiting to see if the horizontal support line (orange) at $177.7 holds. In the case that it does, I will look for a bounce and wait for a long position.
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