FX.co ★ ETHUSD, Bearish Continuation | 24th Feb 2022

On the H4, Price is near 1st resistance level of 2746 in line with our horizontal swing high resistance and 50% Fibonacci retracement. Price can potentially dip to the graphical swing low support of 2500 in line with the 100% Fibonacci projection. Our bearish bias is supported by the Ichimoku cloud indicator as price is trading below it. Alternatively, price can go to the 2nd resistance level of 2853 in line with the horizontal overlap resistance.

Rekomendasi Trading

Entri: 2746

Alasan untuk Entri:

Resistance ayunan tinggi horisontal dan 50% Fibonacci retracement

Take Profit: 2500

Alasan untuk Take Profit: Support ayunan rendah grafikal dan 100% Fibonacci projection

Stop Loss: 2853

Alasan untuk Stop Loss: Resistance overlap horisontal