Adoamigo97

ETH Respected our Resistance Zone as is DXY recovering

Short
BITSTAMP:ETHUSD   Ethereum
Yesterday we saw a sharp fall in DXY Price that moved other USD Pairs, and assets. ETH on the other hand respected my Resistance cluster (1363.13 - 1340.16), and DXY Recovered again above my Resistance Zone which turned again into Support (112.964 - 113.174). In my opinion, Ethereum could touch again his demand zone (137-902.70). I recommend waiting after today's news on (US GDP), and better to place a Sell stop around (1309).

Good Luck guys.
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.