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CryptoEstratega
Jun 24, 2021 9:33 PM

ETH: Shorting resistance Short

Ethereum / TetherUSBinance

Description

ETHUSDT is at resistance and the chances of a breakout look slim.

Based on my analysis, that:
  • 2K is now resistance
  • 180 EMA is acting as resistance above 2K
  • We will reenter the Ichimoku cloud and move down


I have looked at ETHUSDT in higher timeframes (Daily and 4HR) it really looks bearish based on what I have seen, (Links below).

I'm opening a short at 2013 with a STOP LOSS at 2070.

Comments
yazman50
thanks for sharing,
on 4hr time frame Double Top is forming at 2040 level, now 2nd decisive top on the way
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