It is attempting to move higher, but the stochastic suggest we may see it topping out again. The parallel channel and GANN resistance is around $ 2,303 now and shifting downwards. Strategy SELL @ $ 2,270 – 2,290 and place SL @ $ 2,350 (for safety) and take profit @ $ 2,175 area.
ETHUSD-SELL strategy 4-hourly chart for BITSTAMP:ETHUSD by peterbokma
It is attempting to move higher, but the stochastic suggest we may see it topping out again. The parallel channel and GANN resistance is around $ 2,303 now and shifting downwards. Strategy SELL @ $ 2,270 - 2,290 and place SL @ $ 2,350 (for safety) and take profit @ $ 2,175 area.
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