Ethereum brake inbound? For SAXO: ETHUSD By Saxo


Intraday – We want to sell a break of 3447 (stop at 3523)

We are trading in excess buying. Expected a higher correction. Bearish Deviations are seen on the 4 hour chart (the chart makes a high when the oscillator makes a low high), often a sign of fatigue. Bullish Momentum, or at least a correction low. Trend line Support is located at 3460. The recent low of 3450 should result in a further break.

Our profit targets will be 3251 and 3201

Resistance: 3520/3580/3700

Support: 3450/3380/3280

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