ETH/USD has been very bullish recently. After the break-out of the $210 level we have seen very strong upwards price movements.
This old resistance level of $210 can now act as logical support through a S/R flip. I expect that the momentum is so strong ETH will rise a bit further first.
If it reaches around $228 it will encounter a strong resistance. It's likely that the price will break the uptrend here and retrace back a bit.
We can monetize this scenario with a short set-up.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
This old resistance level of $210 can now act as logical support through a S/R flip. I expect that the momentum is so strong ETH will rise a bit further first.
If it reaches around $228 it will encounter a strong resistance. It's likely that the price will break the uptrend here and retrace back a bit.
We can monetize this scenario with a short set-up.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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