Scandem1

Ethereum Correction - How To Play It

Short
Scandem1 Updated   
BITFINEX:ETHUSD   Ethereum
Ethereum overdue a correction here after great bullish move. Expecting it to retrace to these confluxing areas of support and fib levels. Worth noting that this retracement may also play out more shallow as bullish sentiment begins to creep back into the market.
Comment:
NOTE : We could also see this price rise to the 720-730 region as RSI approaches the horizontal resistance at approx. 82.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.