ETHUSDT Weekly S/R| Key Standing High| Area of Resistance| Price

Evening Traders,

Today’s analysis – ETHUSDT – trading towards an area of resistance where a rejectin is plausible,

Points to consider,
- Price Actin Corrective
- Weekly S/R Resistance
- Key Swing High
- .618 Fibonacci Resistance

ETHUSDT’s immediate price action is considered corrective in a bear market, price is approaching a zone of resistance which allows for a bearish biases.

There needs to be a change in market structure which will highlight weakness, currently not the case.

The overall objective is the Daily S/R level situated at $1,190, testing this area will create a Trading Range.

Overall, in my opinion, ETHUSDT is a valid short, price action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee