Ethereum price is still moving in the range on daily for 17 days and currently hovered in the center of the range. Not the best place to enter a position, R:R is kinda bad.
Looking at the chart here is my plan:
- If daily will close below the purple block (or ~$220) I enter the short targeting $200.
- If the price of Ethereum will break up $250 resistance I think it will be fly up to $300.
I'm considering taking a breakout long near $250, because this resitance was tested so many time that it should fall soon.
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Information is just for educational purposes, never financial advice. Always do your own research.