ETHEREUM TECHNICAL ANALYSIS
For swing trading only.
Wait till rejection at 1700 and buy. If Fibo 0.236 at 2337 rejected , close trade. If broken , use trailing stop loss. Target is 3356 ( 0.618 Fibo ) level.
However if 2337 rejected and 1707 broken , then e are heading for next Supply zone at $1300.
In the mean time RSI shows bearish divergence , sentiment is still bearish.
Happy trading.
Wait till rejection at 1700 and buy. If Fibo 0.236 at 2337 rejected , close trade. If broken , use trailing stop loss. Target is 3356 ( 0.618 Fibo ) level.
However if 2337 rejected and 1707 broken , then e are heading for next Supply zone at $1300.
In the mean time RSI shows bearish divergence , sentiment is still bearish.
Happy trading.
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