After getting rejected from 1950, Ethereum moved downwards to test the support of 1800 and 1750. After taking support from 1750, the price action of ethereum is moving again towards the resistance of 1900 and 1950. As I mentioned this setup in which ethereum is moving currently is ideal for those who are looking for an opportunity to cover there losses as you can take both long at short positions with longs below 1800 and shorts above 1900. Every time the price is going to hit those levels its going to get weaker. So the earlier you enter in this setup the more the chances are for success.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.