ETHUSD Potential for Bearish Momentum | 28th October 2022

Oct 28, 2022

On the H4 chart, the overall bias for ETHUSDis bearish . With price tapping onto our sell entry at 1488.77, where the 50% Fibonacci lines is located. We are looking to take profit at 1220.00 where the 0% Fibonacci line and previous low is located. We have a pretty safe stop loss set at 1675.79 where it is slightly above where the 78.6% and 38.2% Fibonacci lines are located.

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