Timeframe: 4-hour
Trend: Sideways/Down
I am looking for price to reach up to the yellow area/upper resistance level (between $11,000 to $11,200) before entering another short to the $9,500 area. On the daily time frame this cross over coincides with the blue moving line that price usually bounces and pulls back to. Another scenario to watch out for is if price moves to $11,600 to $12,000 to respect the current descending triangle that may be forming.
If you have an interest in cryptos than please see my midterm analysis on ETH/USD posted in late June:
Follow my free telegram for trade ideas: t.me/forex_ideas
Trend: Sideways/Down
I am looking for price to reach up to the yellow area/upper resistance level (between $11,000 to $11,200) before entering another short to the $9,500 area. On the daily time frame this cross over coincides with the blue moving line that price usually bounces and pulls back to. Another scenario to watch out for is if price moves to $11,600 to $12,000 to respect the current descending triangle that may be forming.
If you have an interest in cryptos than please see my midterm analysis on ETH/USD posted in late June:
Follow my free telegram for trade ideas: t.me/forex_ideas