ETH for intraday trading to 3640?
-The general trend is uptrend (weekly chart)
-Stochastic RSI is going down from overbought area for a correction (weekly chart)
-4h chart is bearish at the moment (correction period)
-1h chart needs correction to the upside before it continues the short term downtrend
-To trade with the trend direction which is in case of intraday trading is considered bearish we should wait for the correction to the upside and wait for reversal sign to enter
-Initial Target is 3641
-If it broke this price it will continue the short term downtrend till the black lina of the weekly resistance
*Not a financial advice, just thoughts
-Stochastic RSI is going down from overbought area for a correction (weekly chart)
-4h chart is bearish at the moment (correction period)
-1h chart needs correction to the upside before it continues the short term downtrend
-To trade with the trend direction which is in case of intraday trading is considered bearish we should wait for the correction to the upside and wait for reversal sign to enter
-Initial Target is 3641
-If it broke this price it will continue the short term downtrend till the black lina of the weekly resistance
*Not a financial advice, just thoughts