#ETHUSDT | 4 HOUR TIMEFRAME UPDATE
🔹#ETHUSDT | 4 HOUR TIMEFRAME UPDATE
After sweeping all the liquidity above $3,525, the price consolidated briefly before dumping aggressively.
In my opinion, this downward trend will persist, making every upward movement on #Ethereum an opportunity to open a short position.
The current #ETH price is $3,175. I'm waiting for the price to reach the range of $3,231 - $3,319, at which point we can look for confirmation to open a short position.
The target for this Downward movement is $3,050 - $2,910 - $2,790 - $2,580 🔽
Invalidation above $3,543 ❌
After sweeping all the liquidity above $3,525, the price consolidated briefly before dumping aggressively.
In my opinion, this downward trend will persist, making every upward movement on #Ethereum an opportunity to open a short position.
The current #ETH price is $3,175. I'm waiting for the price to reach the range of $3,231 - $3,319, at which point we can look for confirmation to open a short position.
The target for this Downward movement is $3,050 - $2,910 - $2,790 - $2,580 🔽
Invalidation above $3,543 ❌
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.