ETHUSD Potential for Bearish Momentum | 8th November 2022

2022년 11월 8일

On the H4 chart, the overall bias for ETHUSD is bearish . To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. Looking for a pulback sell entry at 1571.98, where 2 of the 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1698.11, slightly above where the 100% Fibonacci line and previous high are located. Take profit is set at 1375.58, where the 23.6% and 61.8% Fibonacci lines are located.

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