ETHUSD
might retest the lows if it breaks the support level of ~$450. As we saw, it tried to break support multiple times in past few days and not successful. The triangles do suggest a movement. Assuming it follows the trend line in dark green there is a downward movement as noted yesterday.
Looking for an entry point around ~$402.. if not, ~$420.
Trade active:
It actually did follow the trendline. But, with $BTCUSD price going past ~12K, I m surprised to see hot ETH hold on to its levels. If traders try to sell some positions in $BTCUSD, ETH should be back up to $460 levels. But the recent downtrend might continue.
Trade active:
Following the trend line as anticipated. Now, its time to test $402.
Trade active:
Bought some position at $420. Next entry at $402 and close.
