ETH Analysis - Trend is about to change
ETH is having a major resistance near 1850 which is also fib level 0.764. We can expect a trend reversal from this price level.
Alternate case , if price falls below 1700 , it will dive upto 1550 which is fib level 0.236.
Pending orders for short from 1850 and 1860 keeping a tight sl of 1900.
Sell Stop orders from 1690 with target of 1550 and sl 1725.
Short term buy signal from current price upto 1840 , sl 1750.
I will keep updating the Analysis as we see movement in price.
Good Luck to all.
Alternate case , if price falls below 1700 , it will dive upto 1550 which is fib level 0.236.
Pending orders for short from 1850 and 1860 keeping a tight sl of 1900.
Sell Stop orders from 1690 with target of 1550 and sl 1725.
Short term buy signal from current price upto 1840 , sl 1750.
I will keep updating the Analysis as we see movement in price.
Good Luck to all.
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