FBlocktrader

ETH Short entry at trendline and resistance ->Retest of the low

Short
BITSTAMP:ETHUSD   Ethereum
ETH is trending down in a broader trend channel and has now reached the upper trendline again.
There is a short opportunity at the resistance level (1220). If the market turns down now there is a good chance of testing the low again (1080).
This retest would also be a second leg down and could also be a move inside a developing trading range (1220 -> 1080).


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