Market Update: ETHUSD & BNBUSD – Jan 31st, 2023
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
ETHEREUM – ETHUSD: Looking To Sell AT Or Below $1680 – $1790 Resistance Area
Comments: Price sold off slightly just below the $1680 – $1790 short-term resistance area.
Potential Trade Signal: We are looking to sell at or just below the $1680 – $1790 resistance zone, and after a clear Bearish Setup or Signal.
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BINANCE COIN – BNBUSD: Selling Into The Range Of Bearish Candlestick Setup (Bearish Pin Bar)
Comments: Price moved briefly lower from the Bearish Candlestick Setup (Also known as Bearish Pin Bar Setup) that had formed just below the $317 short-term resistance level on Tuesday, Jan 24th.
Potential Trade Signal: We are looking to sell into the range of the recent Bearish Candlestick Setup (Also known as Bearish Pin Bar Setup) that had formed on Tuesday, Jan 24th, with stops above the high of this setup.
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
