ETH/USD
ETH faced rejection from the key resistance at 138 - 140 area. The price has a pullback to key support between 130 regions. This pullback maybe not be over yet,
We could still 1 more leg down to 127 area. Before attempting to retest again the downward trend-line of resistance coming from peak 157 - 151 levels.
ETH reached an overbought RSI giving extra pressure for a pullback to occur during its recent pump.
I'll be waiting for ETH to consolidate longer between 130 regions before entering a Long position to avoid premature entry.
ETH faced rejection from the key resistance at 138 - 140 area. The price has a pullback to key support between 130 regions. This pullback maybe not be over yet,
We could still 1 more leg down to 127 area. Before attempting to retest again the downward trend-line of resistance coming from peak 157 - 151 levels.
ETH reached an overbought RSI giving extra pressure for a pullback to occur during its recent pump.
I'll be waiting for ETH to consolidate longer between 130 regions before entering a Long position to avoid premature entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.