Ethereum showed a big rejection from the previous day high, same with bitcoin.
Will be looking for a retest of this level before going into any short positions.
When this retest happens I will be looking for a 15-30 minute candle close under the PDH.
Will be very careful entering though, daily chart is starting to look funky, with the weekly showing 2 green candles as well.
There certainly has been some bullish momentum that came in the last few days.
Let me know what your analysis is!
Stay safe out there and do your own due diligence, this is not investment advise!
Will be looking for a retest of this level before going into any short positions.
When this retest happens I will be looking for a 15-30 minute candle close under the PDH.
Will be very careful entering though, daily chart is starting to look funky, with the weekly showing 2 green candles as well.
There certainly has been some bullish momentum that came in the last few days.
Let me know what your analysis is!
Stay safe out there and do your own due diligence, this is not investment advise!
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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.