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yo_zubair

ETH/USD - 1H - Setup

Short
Ethereum / TetherUS (BINANCE:ETHUSDT)  
yo_zubair  
BINANCE:ETHUSDT   Ethereum / TetherUS
AB=CD Fibonacci Support and Resistance crypto ETH confluence fib abcdchartpattern
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abcdpattern fibonacci supportandresistance crypto eth confluence fib abcdchartpattern
ETH/USD is in a bullish trend on 1H and bearish trend on 1D. The price action is currently testing an important resistance zone with a confluence of:

  • Falling Resistance (1D)
  • Horizontal Resistance (1D & 1H)
  • Bearish Candlestick pattern
  • AB=BC harmonic pattern
  • Fib being respected between 23% and 50%

Expecting bears to push prices lower towards 50% Fib.
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