Undercover_Trading

ETHEREUM SHORT ANALYSIS 19TH March 2022

Short
COINBASE:ETHUSD   Ethereum
Yesterday we saw the price of ethereum come into our last point of supply and I was a bit unsure whether to hold the trade after taking it, coming into mid day today I saw a clear bearish Lower timeframe confirmation on the 5 mins and 1 min giving the indication that market will likely sell of from that zone and as you can see the trade is still valid and the zone has not been violated. if this trade plays outs we are most likely to see price fall from 2900 to around 2000 there by aim for the weekly key level at 1700 area. Cheers happy weekend!

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