Market watch $ETHUSD

On our market watch, today is ETHUSD. After the strong uptrend, the instrument is mature enough for selling opportunity, because we are identifying the H&S formation on the H4 chart. The right shoulder has been formed and this is the place for sell entries with the good risk/reward. Since we are approaching the end of the year, there will be also some profit taking and this factor should also be taken into the account.

Ethereum price action trading strategy

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