Well well well, look at him ! ETH has been a good runner for the past weeks. But he is becoming tired now. ;)
HOW I SEE THE SITUATION :
- ETH was one of the best performance runner for he past weeks, but slowly getting to the reversal point. ETH needs to rest a bit to continuing going up again.
- We are at the top of the trading channel, more chances now for bears,
- We seen the huge rejection candle that touched 227. It give us a hint - we want lower price,
- To confirm down move look for volume changes in selling power on lower time frames.
- Risk to reward ratio to enter SHORT is marked on the charts in case we notice a bearish move lower.
- Im also waiting for a possible pump to around 220 level and then sudden rejection, to enter ( ETHBEAR). We could also start to drop before. Lets wait and see for a bit more.
Don't forget to like my charts, it helps me to gain more reputation here on TV <3 Also, check out my last calls on my charts for BITCOIN <3
Support area on green lines. Current price: 213.9 Future prediction targets:
Entering SHORT trade in 208-200 range Targets:
T1 - 175 level T2 - 150 level T3 - 116 level
- Use stop loos ( trailing stop sell & buy ) - Take your profits on the way !
Entering LONG trades:
- You can see my ENTRY for LONG - Risk to reward ratio is marked on the charts in case of a bullish move higher. - Will update as we go
Also, check out my last calls on my charts for BITCOIN <3