tapasdhanadana

Ethereum hitting Resistance with Bearish Signal | ETHUSD

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COINBASE:ETHUSD   Ethereum
Ethereum is trading inside an ascending channel for more than a month but there is a main downtrend and this will act as resistance now and there is a main Horizontal Resistance area of 192-200$ and price is near a Pivot Resistance.

So, we can say Ethereum is trading in a very strong Resistance area so a minor correction must occur in this level. RSI bearish Divergence on the Daily and H4 candle signals that the continuation of the uptrend is weakening and we can initiate a short position here.

The downfall target is 175$
Comentário:
Daily Candle : Bearish RSI Divergence & Decreasing Volume
Comentário:
Comentário:
Short trade not executed according to this idea, Reached Resistance 3 of Pivot Points
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