Ethereum: Bearish Trend with 225USD and 215USD Targets
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You know what? If we look at the 1H chart of Ethereum, we will see a bearish trend. If sellers can break the local uptrend line, it will be a bearish signal. The market will confirm the continuation of the downtrend as well as the strength of sellers. The 1st target for short trade will be 225.00USD support zone where we will be able to expect the price reversal and a new buying opportunity.
If the price breaks 225.00USD support, the road to 215.00USD will be opened. The price reversal from this zone will be a good buying opportunity as well.
In order to get a trend reversal signal, the price has to move up and break SMAs and the main downtrend line.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks 225.00USD support, the road to 215.00USD will be opened. The price reversal from this zone will be a good buying opportunity as well.
In order to get a trend reversal signal, the price has to move up and break SMAs and the main downtrend line.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nota
The uptrend line holds the price. We don't have a bearish signal supporting the continuation of the downtrend.
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