ETH 1h Chart - breaking the trendline
Sep 21, 2022 1:24 PM
Hi all!
With todays news. I think it is time for a new setup. Now i am watching the ETH Chart on the 1h timeframe.
ETH 1h Timeframe - Trendline touchpoints- Well i added a simple trendline. And with this i see at least 4 touch points. Now what is next. From a technical perspective i would say. Let`s watch the next candle and how the price is dealing with the line.
- AGAIN: I am not looking for wicks. I am looking for full body closes UNDER or UPPER the trendline. But when i look at the market it seems like everything is gooing down. So why not try a short with a small position. But to be honest i will wait for conformation.==> No financical advice
Adding the FibWhen i add the Fib i see some interresing zones. One of them is on the yellow point to the right, which could also be a kind of a retracement. And IF we break lower , well then the next target is around 1280 und 1240. But let`s hope that i am wrong.
All the best. Remember, no financial advice. just simple TA.
Cheers Mchoeti
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