Hello, Traders! Monfex is at your service and today we overview ETH/USD.
By breakout the local key level - the price will target the middle zone of the descending channel. Mid-term trend still bearish and ETH in the price range between key levels. Breakout of which will define the trend. RSI is going to the oversold zone at 1D chart analysis.
The key resistance level ~ $198 with a psychological resistance level $200.
The key support level ~ $154.
Supposed Scalp Trade Signal by ETH/USD
Sell by breakout $179
Take profit ~ $169
Stop loss at $182.65
Market Cap $19 999 142 693 USD
Volume (24h) $9 164 581 769 USD
Circulating Supply 108 475 908 ETH
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.