ETH market update - sell on 1 day/entry at 225 $ & target 180 $
Market price broke out of wedge and I expect as a result of this a straight up trend to the drawn sell area. There is first strong resistance, if this resistance breaks up the next target is 250 $. Expect double top test at 225 $ area before market goes down as drawn in the chart.
Open short at 225 $ with stop loss above 235/240 $.
50 and 100 day moving average crossed 200 day moving average which is bullish long term indicator.
The market volume has started to rise fast which indicates a trend reversal or strong breakout in near future.
Open short at 225 $ with stop loss above 235/240 $.
50 and 100 day moving average crossed 200 day moving average which is bullish long term indicator.
The market volume has started to rise fast which indicates a trend reversal or strong breakout in near future.
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
