ETH: Long or Short?
The support level was broken on the Daily timeframe on September 15, the trend is bearish now and the impulse wave develops.
A pullback selling opportunity will appear after the correction formation on the Daily timeframe.
The lows of July 11 – 14 will be the target for the bearish movement. It is the support level with the borders of $1,006 – $1,042.
Short positions will remain relevant until the market is below the nearest resistance level on the Daily chart, the highs of September 9 – 13. The borders of this resistance are $1,774 – $1,789.
A pullback selling opportunity will appear after the correction formation on the Daily timeframe.
The lows of July 11 – 14 will be the target for the bearish movement. It is the support level with the borders of $1,006 – $1,042.
Short positions will remain relevant until the market is below the nearest resistance level on the Daily chart, the highs of September 9 – 13. The borders of this resistance are $1,774 – $1,789.
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