Sell Limit ETHUSD
What I see:
- Price is looking to complete the 2nd half of the head & shoulders
- 5 rejections from zone
- 3 rejections from support zone
- 3 rejections from resistance trend line
- 2 rejections from support trend line
- Stochastic is oversold and crosses in the 4hr chart
- Price is currently around a previous major structure level (2558.48)
- Stochastics in the daily chart is heading towards oversold.
Price will most likely long towards 2799.75 "SAFE SELL ENTRY" for a zone retest as price is currently around a pivot point, stochastic is oversold in 4hr and there's a hammer candlestick confirmation.
After, I'll be expecting price to short towards the ascending trend line. More specifically, 2418.30.
- Price is looking to complete the 2nd half of the head & shoulders
- 5 rejections from zone
- 3 rejections from support zone
- 3 rejections from resistance trend line
- 2 rejections from support trend line
- Stochastic is oversold and crosses in the 4hr chart
- Price is currently around a previous major structure level (2558.48)
- Stochastics in the daily chart is heading towards oversold.
Price will most likely long towards 2799.75 "SAFE SELL ENTRY" for a zone retest as price is currently around a pivot point, stochastic is oversold in 4hr and there's a hammer candlestick confirmation.
After, I'll be expecting price to short towards the ascending trend line. More specifically, 2418.30.
Penafian
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