ETH 07.05.2021
ETH 5min intraday:
As long as we trade below 3500, look for 3370 and 3270 as support and potential buy opportunities. If we break 3270 to the downside, 3k is on the table. If you see price start to break 3,5k to the upside and trade steady above it, look for 3616 and 3735 for potential take profit levels for longs.
Summary intraday, favor to the short side as long as we trade below 3500 with targets 3370 and 3270.
Above 3500 look for 3616 and 3734
As long as we trade below 3500, look for 3370 and 3270 as support and potential buy opportunities. If we break 3270 to the downside, 3k is on the table. If you see price start to break 3,5k to the upside and trade steady above it, look for 3616 and 3735 for potential take profit levels for longs.
Summary intraday, favor to the short side as long as we trade below 3500 with targets 3370 and 3270.
Above 3500 look for 3616 and 3734
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