Technically ETHUSD is still in a downtrend because we are making lower highs on the daily.
We did make a clear low however right at the sweet spot between 61% and 50 retracement.
This means you now have a low risk entry and easy entry on the lower timeframes.
There is a very dangerous level at $670 where price might reverse.
Trade safely!
We did make a clear low however right at the sweet spot between 61% and 50 retracement.
This means you now have a low risk entry and easy entry on the lower timeframes.
There is a very dangerous level at $670 where price might reverse.
Trade safely!