Hello my friends , how are you ?
Ethirium has been traded below the level between 1358.19-1316.86 and we are in that zone so what should we expect . The daily chart in the zone and the 4 HR and hourly chat give us a double top so based on this we can think short but the level has acted as resistance enough times so in order to trade short we have to wait for the trend line break to the down side . The second case scenario is price may push higher and break this zone and continue higher and higher but I am not saying the bull market is going to happen right there. for a bull trade we have to wait and see the retest of the broken zone.
stay strong guys
Ethirium has been traded below the level between 1358.19-1316.86 and we are in that zone so what should we expect . The daily chart in the zone and the 4 HR and hourly chat give us a double top so based on this we can think short but the level has acted as resistance enough times so in order to trade short we have to wait for the trend line break to the down side . The second case scenario is price may push higher and break this zone and continue higher and higher but I am not saying the bull market is going to happen right there. for a bull trade we have to wait and see the retest of the broken zone.
stay strong guys
- Never trade without stop loss
Use proper risk management
Risk only what you can afford to loose.