Daily Eth review: Retracement is here on Eth, should you buy?
***Hello crypto fam , I do daily Bitcoin / Ethereum review here*** Let's look at #Ethereum 🧵👇
As I said in my yday's idea, bulls might get exhausted into daily resistance zone, and it looks like it did. We have the clear rejection of resistance zone, and daily candle closed as bearish engulfing.
so what's next? well looking at 4hr chart, I believe 2030 to 2075 is a good area to buy eth or add to your existing position, but your stop loss has to be 1820 level, if Ethereum doesn't hold here and starts to break down to 2000 level I'll be a bit cautious to add to my position and might even start to get out of my existing position.
I think Ethereum will have another go at resistance where it rejected yesterday. so if you're already in the trade then hodl if you want to buy, buy here with SL of 1820 as mentioned above.
Let's see how daily closes today, I hope we start to bounce soon. Until then enjoy some other activities and learn more about crypto.
Happy trading!
PS: This is not financial advice, DYOR. please position your trading size
ETHUSD
As I said in my yday's idea, bulls might get exhausted into daily resistance zone, and it looks like it did. We have the clear rejection of resistance zone, and daily candle closed as bearish engulfing.
so what's next? well looking at 4hr chart, I believe 2030 to 2075 is a good area to buy eth or add to your existing position, but your stop loss has to be 1820 level, if Ethereum doesn't hold here and starts to break down to 2000 level I'll be a bit cautious to add to my position and might even start to get out of my existing position.
I think Ethereum will have another go at resistance where it rejected yesterday. so if you're already in the trade then hodl if you want to buy, buy here with SL of 1820 as mentioned above.
Let's see how daily closes today, I hope we start to bounce soon. Until then enjoy some other activities and learn more about crypto.
Happy trading!
PS: This is not financial advice, DYOR. please position your trading size
ETHUSD
