Short or Long for ETH? Lets wait for a breakout or reversal
The chart is clear rightnow, after a drop of ETH yesterday from 2,900$ to 2,700$
we see that it touch the present support. We need to see some more signals to confirm if there will be a breakout or a reversal.
See volume as well and RSI. We must see also the bigger picture in higher TF with the help of our MAs.
After FED news 2 days back, it seems that stocks market including crypto market went down. This is fundamentals, yet we can consider and gather as well some data from our charts.
Confluence indicator & strategy will help us to have a better analysis.
Please use this chart as a guide only and make ur own decision in Trading. Thanks and cheers..
we see that it touch the present support. We need to see some more signals to confirm if there will be a breakout or a reversal.
See volume as well and RSI. We must see also the bigger picture in higher TF with the help of our MAs.
After FED news 2 days back, it seems that stocks market including crypto market went down. This is fundamentals, yet we can consider and gather as well some data from our charts.
Confluence indicator & strategy will help us to have a better analysis.
Please use this chart as a guide only and make ur own decision in Trading. Thanks and cheers..