ETH/USD - Bearish Engulfing Candle! Pullback imminent?
ETH has reached 3k, but it failed to move above it today.
If this continues, then Monday we may see a pullback to $2,800 before a clean break above $3,000.
At the time of this post, the current daily candle is a bearish engulfing one which may signal we go lower before going higher.
Overall, the chart is bullish, but as with all markets, nothing goes up in a straight line. So if you are wondering what to do, you are better off waiting for a re-test of the support at $2,800 to reload.
Only if we break above $3,000 and make it support, should you consider an entry.
Lets see what Monday brings.
Like and follow if you liked this idea.
If this continues, then Monday we may see a pullback to $2,800 before a clean break above $3,000.
At the time of this post, the current daily candle is a bearish engulfing one which may signal we go lower before going higher.
Overall, the chart is bullish, but as with all markets, nothing goes up in a straight line. So if you are wondering what to do, you are better off waiting for a re-test of the support at $2,800 to reload.
Only if we break above $3,000 and make it support, should you consider an entry.
Lets see what Monday brings.
Like and follow if you liked this idea.
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