ETHUSD first structure - Down
Hello,
This first structure is down and we can expect the price to visit soon the next level - 200 USD.
The reason behind is that much trade volume is locked in this upper area for quite some time without significant retrace. Prices up to 71.8% retracement (according to latest structure) is just not attractive at this time. Bigger deep is expected for investors and traders.
Psychological levels to watch:
Bulls - 235 USD
Bears - 200 USD
This first structure is down and we can expect the price to visit soon the next level - 200 USD.
The reason behind is that much trade volume is locked in this upper area for quite some time without significant retrace. Prices up to 71.8% retracement (according to latest structure) is just not attractive at this time. Bigger deep is expected for investors and traders.
Psychological levels to watch:
Bulls - 235 USD
Bears - 200 USD
Nota
This "Short" trend idea didn't work out. I will be watching the 250 mark as next trade!
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.