ETH - Buy Zone 160-175USD
Hi folks,
As assumed in the previous post, the bearish divergence played out and we broke the channel to the downside. The chart is pretty self-explanatory: At 160USD we have strong support and fib 0.5, which should at least hold for a nice bounce (volume in this region is high). If you hold long-term any entry between 160 and 175 USD should be a good spot.
My tendency is still to the downside. If we should move up from here, we want to see a break through 200 USD and holding it as support before buying from there again.
I do not hold any positions right now while waiting for more confirmation signals.
Feel free to share your ideas below. Happy trading to everyone!
As assumed in the previous post, the bearish divergence played out and we broke the channel to the downside. The chart is pretty self-explanatory: At 160USD we have strong support and fib 0.5, which should at least hold for a nice bounce (volume in this region is high). If you hold long-term any entry between 160 and 175 USD should be a good spot.
My tendency is still to the downside. If we should move up from here, we want to see a break through 200 USD and holding it as support before buying from there again.
I do not hold any positions right now while waiting for more confirmation signals.
Feel free to share your ideas below. Happy trading to everyone!
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