Stoch RSI its oversold, macd is starting to point down but the most important signs is price action (candlesticks)
We have rejection on a major trendline that has acted as resistance and this will be considered a higher low if it gets rejected again which will then be a good short. We also have the Weekly 200 EMA close to that same level than is hard resistance that can push price down.
I would wait for a retest of trendline or for the price to create another higher low on the 4hr TF to short.
Targets are the monthly support lines on chart.
We have rejection on a major trendline that has acted as resistance and this will be considered a higher low if it gets rejected again which will then be a good short. We also have the Weekly 200 EMA close to that same level than is hard resistance that can push price down.
I would wait for a retest of trendline or for the price to create another higher low on the 4hr TF to short.
Targets are the monthly support lines on chart.
Kommentera:
if ETH fails to move upward we can start going down to he $200 levels following by $185 (50EMA) this is a long term trade, we tested the 200 ema multiple times already (250 zone)