The future of CL is presenting a good scenario to open a short position for a couple of days. Here my reason why,
The price is getting correction of Fibo 61,8%
The price is near to a Resistence (green line)
The suplly is stronger that demand ( in the correction the volume is less)
The SMA 30 is near very near to the price.
There so many resistence...
Some of my reason why I think ETH has a good set up to entry long.....but.. as you know..everything depends of BTC moves.
Less volume than previous low
touching fibo 62.8% from the previous long tendency.
Strong support around 200$
It looks a good scenario to take a fibo target.
Some of my reasonS why I think we are confirming 9.500K - 10K.
* Double Bottom
* Volume decrease from highest last month
* Less Volume form the previous low
* Touching major resistance
It looks a good scenario to move forward for the fibonacci retracements
- Fibo 38,2 % --> 10.700K
- Fibo 50% --> 11172K
- Fibo 61,8% --> 11650K