ETHUSD Potential for Bearish Momentum | 13th October 2022

On the H4 chart, the overall bias for ethusd is bearish. To add confluence to this, price is below the Ichimoku cloud, indicating a bearish market.
Looking for a possible retracement sell entry at 1340 where the 61.8% Fibonacci line is located. Stop loss will be set at 1384 where the previous short-term high and 100% Fibonacci line is located. Take profit will be at 1220 where the previous low is.


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Chart PatternscryptoCryptocurrencyETHETHUSDTechnical IndicatorsTrend AnalysisUSD

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