EthereumShort
ETH/USD - Another chance to buy... are you ready?
ETH was rejected by the resistance, it's almost like BTC and ETH are the same coin with a very similar price action.
In the case of ETH, we're about to re-test our support, again. This would provide a good buy opportunity, but my advice is to wait to see how price reacts there, because a failure of support will provide you with a much better entry later.
Short term the bias remains bearish and we need to break resistance to have confidence in any sustained up-trend. For now this was a lower high, question is if we will paint a lower low? That won't be good for bulls.
We will know tomorrow where we are situated. Trade safely!
Like and follow if you liked this idea!
In the case of ETH, we're about to re-test our support, again. This would provide a good buy opportunity, but my advice is to wait to see how price reacts there, because a failure of support will provide you with a much better entry later.
Short term the bias remains bearish and we need to break resistance to have confidence in any sustained up-trend. For now this was a lower high, question is if we will paint a lower low? That won't be good for bulls.
We will know tomorrow where we are situated. Trade safely!
Like and follow if you liked this idea!
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