Short

ETHUSD: Fighting a losing battle with no Gravity

By KeytoMarkets

Updated

Ethusd dn 7% overnight and tested the parallel support zone 358$-354$$. On the H4 chart, A-B-C corrective structure pointing to 360$, whereas on the daily chart the same corrective structure pointing to 200.0$. The daily studies are remaining mixed. A move below 360$ could open gates to sub-300$, 270 and even 200$.

Note

Focus on 300-27< another wave of selling will take place

Note

Correction: Focus on 300-270< another wave of selling will take place

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.