On the daily time frame, I am thinking ETH/USD will trade towards the top of the white ($280-$290 Area) over the next day or two before retracing or moving higher. If price action moves above the white trendline, I would expect a a restest/confirmation before buying - likewise with shorting. If price breaksdown, I would like to see a retest and rejection before shorting.
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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.