It is the moment of truth everyone has been waiting for in the ETHUSD, are they gonna hold the $200 level?
As you can see in the far left, the last time we were around these levels was just the beginning of the move to the $400s. Are we about to repeat or just go sideways for a couple of months?
Ohh well, at least for the short term traders we do have some guiding going forward in the 4 hr chart. We clearly see the downtrend is still in effect, but we could see some bounce off this current level.
If we were to break the $183-180, watch out below since we can target the $156. Having said that, in case you decide to go long have in mind the trend line in front of us and use proper money management to execute your trade.
Safe trading everyone!
#daytraderforlife
As you can see in the far left, the last time we were around these levels was just the beginning of the move to the $400s. Are we about to repeat or just go sideways for a couple of months?
Ohh well, at least for the short term traders we do have some guiding going forward in the 4 hr chart. We clearly see the downtrend is still in effect, but we could see some bounce off this current level.
If we were to break the $183-180, watch out below since we can target the $156. Having said that, in case you decide to go long have in mind the trend line in front of us and use proper money management to execute your trade.
Safe trading everyone!
#daytraderforlife