Based on the current price action on ETH we can expect a draw down retracing around 1350's and lower ranges.
Despite the bullish momentum of the last days we have remained in a bearish market and have not managed to create higher prices. Considering the following points of reference we have reconfirmed the bearish/short trades (feel free to refer to the previous posts to assess our ranges and trades).
The current ranges have held and have been set in motion as our previous points of interest (Supply & Demand).
A clear break above 1950's - 2000's will invalidate the following trade idea.
A clear break below 1490's will confirm the draw down and the bearish sentiment of the following trade. Any breaks a
Stay safe and never risk more than 1-5% of your capital per trade.
The following analysis is merely a price action based analysis and does not constitue financial advice in any form.
Despite the bullish momentum of the last days we have remained in a bearish market and have not managed to create higher prices. Considering the following points of reference we have reconfirmed the bearish/short trades (feel free to refer to the previous posts to assess our ranges and trades).
The current ranges have held and have been set in motion as our previous points of interest (Supply & Demand).
A clear break above 1950's - 2000's will invalidate the following trade idea.
A clear break below 1490's will confirm the draw down and the bearish sentiment of the following trade. Any breaks a
Stay safe and never risk more than 1-5% of your capital per trade.
The following analysis is merely a price action based analysis and does not constitue financial advice in any form.
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.
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.