ThinkingAnts

"Top and Bottom Analysis" ETH/USD by ThinkingAnts

Short
BITFINEX:ETHUSD   Ethereum
4H CHART EXPLANATION:

On 4H chart, we have a Bearish vision due to:

- Revertion from a Major Resistance Level (Confluence Zone)
- Broken Ascending Trendline
- MACD Bearish Divergence

We consider this as a failure of the Bullish Movement so will be looking for short setups towards 143 being careful to the middle support zone at 156.

Updates coming soon!


MULTI TIMEFRAME VISION

-Weekly

-Daily:
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.