ETHEREUM SHORT
We have reached overbought levels, and are nearing the top of the Bollinger bands indicator. Every time this has happened in the past Ethereum has always went down a few hundred and even a couple thousand. I'm expecting Ethereum to drop to 2333, if it breaks 2333 it could go lower, possibly even to it's 1700$ support.
TRADE-SETUP:
(Short Ethereum down to 2335, wait for a confirmation break and then short Ethereum down to 1800$.
If there is no confirmation that it broke it's support level, then take profits)
*SUPPORT AND RESISTENCE BASED OFF OF FIBONACCI RETRACEMENT AS SHOWN ON CHART*
TRADE-SETUP:
(Short Ethereum down to 2335, wait for a confirmation break and then short Ethereum down to 1800$.
If there is no confirmation that it broke it's support level, then take profits)
*SUPPORT AND RESISTENCE BASED OFF OF FIBONACCI RETRACEMENT AS SHOWN ON CHART*
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