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ETHUSD Bounced From Support

Long
Ethereum (BITFINEX:ETHUSD)  
EmpowerTrader  
BITFINEX:ETHUSD   Ethereum
Trend Analysis Harmonic Patterns Chart Patterns
1
0
trendanalysis harmonicpatterns chartpattern
Price has remained in a short term bearish channel, where we saw price testing support. Price is now approaching key resistance.

Scenario One (Bullish Breakout): Price breaks key resistance of the bearish channel.

Scenario Two (Bearish Rebound): Price rejects bullish breakout, price falls to the respective support levels.

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