Ethereum (ETHUSD) is currently squeezed between a major resistance around $4800 and a major support around $4500.
It is then further squeezed between the two blue trendlines and it will soon break up or down.
The Sentiment Index indicator at the bottom of the chart is confirming an imminent break in fact, similarly to the price, the Sentiment is currently squeezed between bullish and bearish.
Remember to be patient and never trade impulsively. Always check confirmation from the indicators.
It is then further squeezed between the two blue trendlines and it will soon break up or down.
The Sentiment Index indicator at the bottom of the chart is confirming an imminent break in fact, similarly to the price, the Sentiment is currently squeezed between bullish and bearish.
Remember to be patient and never trade impulsively. Always check confirmation from the indicators.
Trade closed: target reached
The trade was made possible by the false Sentiment breakup first, and then by the Top that formed within the consolidation.
🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻
📈 Trading Indicators
💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos: bit.ly/MT-Channel
📊 Stock Analysis
💜 FundaView: fundaview.com
🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺
📈 Trading Indicators
💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos: bit.ly/MT-Channel
📊 Stock Analysis
💜 FundaView: fundaview.com
🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺
Related publications
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.
🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻
📈 Trading Indicators
💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos: bit.ly/MT-Channel
📊 Stock Analysis
💜 FundaView: fundaview.com
🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺
📈 Trading Indicators
💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos: bit.ly/MT-Channel
📊 Stock Analysis
💜 FundaView: fundaview.com
🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺
Related publications
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.