"Top and Bottom Analysis" ETH/USD by ThinkingAnts
4H CHART EXPLANATION:
On 4H chart, we have a Bearish vision due to:
- Revertion from a Major Resistance Level (Confluence Zone)
- Broken Ascending Trendline
- MACD Bearish Divergence
We consider this as a failure of the Bullish Movement so will be looking for short setups towards 143 being careful to the middle support zone at 156.
Updates coming soon!
MULTI TIMEFRAME VISION
-Weekly
-Daily:
On 4H chart, we have a Bearish vision due to:
- Revertion from a Major Resistance Level (Confluence Zone)
- Broken Ascending Trendline
- MACD Bearish Divergence
We consider this as a failure of the Bullish Movement so will be looking for short setups towards 143 being careful to the middle support zone at 156.
Updates coming soon!
MULTI TIMEFRAME VISION
-Weekly
-Daily:
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