So, we performed a momentum analysis of the ETHUSD movement.
As we see on the chart, a clear down trend has appeared and we assume the beginning of this movement from the level of the balance area in the range of 239 - 248.
We decided entry into the market with three limit sell orders at levels 239, 243 and 248.
If the price now goes down and fixes with two 4-hour candles below the - 208, then we will put limit sell orders from this level.
The goal of the movement will be the level in the range of 165 - 168.
Watch out for our updates and we will keep you posted.
We wish you all success and good trading!
* All KYRREX publications are made solely for informational and / or marketing purposes and should not be construed as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account goals and situations of a particular trader in its analytical publications and is not responsible for any loss as a result of investment based on published analytical materials.
We have another limit sell order at 245.34