ETHUSD has displayed some signs of weakness today after a very bullish week.
A 1h trend line has been broken and now price is exposed to the downside. When we look at the daily chart there's an obvious level of resistance capping ETHUSD from rising any more. A nice bearish daily close could set us up with a profitable downside move.
This is a short term trade with little room for error, so use low risk if you trade the setup.
Wait for that daily close before making any moves!
A 1h trend line has been broken and now price is exposed to the downside. When we look at the daily chart there's an obvious level of resistance capping ETHUSD from rising any more. A nice bearish daily close could set us up with a profitable downside move.
This is a short term trade with little room for error, so use low risk if you trade the setup.
Wait for that daily close before making any moves!