Tickmill
Short

Ethereum on major resistance, potential reversal!

BITFINEX:ETHUSD   Ethereum / Dollar

Ethereum is now testing major resistance at 864 ( Bearish price action, horizontal swing high resistance, Fibonacci extension ) and a strong reaction could occur at this level which could push price down to at least 766 support ( Fibonacci retracement , horizontal pullback support). Our next major level of resistance is at 905 (above strong bearish price action, Fibonacci extension ).

Stochastic (34,5,3) is seeing major resistance below 99% and is starting to drop nicely from that level.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
@Tickmill , Thanks for the analysis. The price broke through both the resistance levels you mentioned. What are the chances of a pullback at this stage? What do you suggest now?
Antworten
The trend is your friend. What did you miss?
Antworten
@CB58, Nothing, there just was small resistance level, so some rollback was possible
Antworten
broke as hell
+4 Antworten
Resistance at 905 broke right? Bullish pattern incoming.. any tp in mind?
+1 Antworten
if you plot rsi stochastic, there is divergence, is there a confirmation for short ?
Antworten
Great idea.. love it! Thx!
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Charting Lösungen Hilfe holen Feature-Anfrage Blog & News FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Hilfe holen Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden