ETHUSD - Daily Perspective
Greetings friends,
On the daily timeframe, it looks like Ethereum wants to go higher since it reclaims 173 level, and as long as it stays above this level, 200$ target is plausible as the next target. I will look for short if either one of these 2 scenarios presents:
I) Price rallies to 200$ and gets stalled there, I will look for weakness on lower timeframe to enter short.
II) Price breaks below 173 level again, will look for the retest of broken support for a short entry.
Comment below and let me know what you think.
If you find my analysis useful, like and subscribe are greatly appreciated.
Disclaimer: I am not a financial advisor and you should always do your own research before engaging any trade.
On the daily timeframe, it looks like Ethereum wants to go higher since it reclaims 173 level, and as long as it stays above this level, 200$ target is plausible as the next target. I will look for short if either one of these 2 scenarios presents:
I) Price rallies to 200$ and gets stalled there, I will look for weakness on lower timeframe to enter short.
II) Price breaks below 173 level again, will look for the retest of broken support for a short entry.
Comment below and let me know what you think.
If you find my analysis useful, like and subscribe are greatly appreciated.
Disclaimer: I am not a financial advisor and you should always do your own research before engaging any trade.
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