as we see in the 1 hr chart there is a channel which eth is following if it breaks the resistance line then take long otherwise go for short till 50% of the support of full support. it depends
ps: in not financial adviser your trade your risk
- Currently ETH is in wave 4 triangle which is forming A-E waves in triangle.
- Taking short in range of 227-230 seems good with stop loss at 235.
- Expecting next leg down towards 0.618 FIB level which is at 182.