AzizKhanZamani

ETHUSDT| Daily S/R| Bearish Retest| .382 Fibonacci| Price Action

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Evening Traders,

Today’s analysis – ETHUSDT- trading at a key level where short term downside is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Bearish Retest
- Daily S/R Objective
(200 MA & POC Confluence)
- Oscillators Neutral

ETHUSDT’s immediate price action is trading with a bearish retest, allowing for a short term bearish bias.

The Daily S/R is current objective, where a bounce is highly probable, this level is in technical confluence with the 200 MA and POC S/R.

Both Oscillators are currently trading neutral, penetrating their bearish control zones will be indicative of weakness.

Overall, in my opinion, ETHUSDT is a valid short with defined risk, price action is to be use upon discretion/ management.

Hope this analysis helps

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Comments

I was one of the larger walls around 2000$ I wouldn't short this market, nor would i dump on it.
+1 Reply
AzizKhanZamani UnknownUnicorn10724764
@UnknownUnicorn10724764 really depends on price action context
Reply
Fb foysal
+1 Reply
AzizKhanZamani Philip-cotler
@Philip-cotler 👀👀
Reply
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