ETH Price Rejection and next entry price
4hr analysis here
ETH had breakout of the trendline but was struggling to go higher than $2700 with 4 price rejections on the resistance line at around $2689 which ive circled on the chart
At each price rejections we are getting a red bearish closing candle...
indicating that Eth will come down to the bottom of the resistance again at 2200...
Following testing this level it can Attempt the Up trend again unto the top of the ascending channels and accelerate up alternatively it could turn bearish if its breaks below the 200 EMA expect a new bearish market.
Look for out 2000 entry or exit point
Disclaimer.* Im not a financial advisor. please comment agree or disagree.
Thanks
Marlene
ETH had breakout of the trendline but was struggling to go higher than $2700 with 4 price rejections on the resistance line at around $2689 which ive circled on the chart
At each price rejections we are getting a red bearish closing candle...
indicating that Eth will come down to the bottom of the resistance again at 2200...
Following testing this level it can Attempt the Up trend again unto the top of the ascending channels and accelerate up alternatively it could turn bearish if its breaks below the 200 EMA expect a new bearish market.
Look for out 2000 entry or exit point
Disclaimer.* Im not a financial advisor. please comment agree or disagree.
Thanks
Marlene
Trade closed manually