peterbhc

ETH Needs to confirm breakout

Short
peterbhc Updated   
KRAKEN:ETHUSD   Ethereum
ETH needs to verify breakout and show that previous resistance (1270-1280) becomes support.

Notice ETH also hit descending TRENDLINE.

4H RSI, MACD, & SQUEEZE all are overbought.

Short to 1270, then watch price action for support (further advance and higher prices) or rejection (further down).

Good Luck
Trade active:
Enter: 1380
Stop loss: 1430
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