BITSTAMP:ETHUSDCurrently trading at 2430. If it goes up slowly slowly then it can take RESISTANCE in the upper trendline as you can see in the chart. If 3 to 4 candle formed near the upper TRENDLINE then from there it can again come down and fall up to the price of 2370. If the price goes up in a flow then there will be high chance of breakout of the upper TRENDLINE.
NOTE 1. Short between (2450-2420) Only after seeing at least three small candle rejection from the upper TRENDLINE. 2. STOPLOSS- 2465 (Respect your STOPLOSS) 3. TARGET- 2370
WILL KEPP UPDATING FOLLOW UP
Comment
⋅
As I said there should be at least 3 or 4 candle near the upper trendline. If you see the chart there is only small candle and then a big red candle. So in this case the signal is not valid.