ETHUSD - Long - But waiting for conformation bounce on support
ETHUSD is at an important level right now, just touching a long term trend line. If this holds ill be looking for an entry and then targeting the horizontal resistance at $270.
The reason I am leaning towards the bullish side is largely to do with the RSI. Ill also be watching the RSI to see how it reacts to the Orange trend line.
The reason I am leaning towards the bullish side is largely to do with the RSI. Ill also be watching the RSI to see how it reacts to the Orange trend line.
Trade active:
ETHUSD has broken down below the ascending trend line. Now waiting to see if the horizontal support line (orange) at $177.7 holds. In the case that it does, I will look for a bounce and wait for a long position.