this is Daily chart of Ethereum:
from the left: price dropped sharply,
a correction happened in an uptrend channel,
a downward divergence happened between 27th May and 4th June,
a descending triangle formed,
a 4 hour support broke,
a new support level formed in 1 hour chart! but this support is way more important than all above sup/resistances.
so as for now, I trade any touch to this support level, with a tight stop loss below the zone, and profit target the above resistance level.
and I short ETH on that touch with another tight stop loss above the zone.
