MMBTtrader

ETHUSD strong resistance ahead more correction ahead or new ATH?

Short
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
As we can valid trendlines are ahead and strong resistance zone .
first one that is touching right now is first pressure of sell or ... and we expect more correction here

second one is trendlines that touched previous ATH and current one and why we may expect touching that because we had creation of double bottom that is strong reversal pattern here and maybe and maybe market get some strength and rise to touch second trendline and mange to fall after touching it as mentioned with red path .

and we had broken trendline too that is now retesting that and more fall is expected after this conformation:

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments

Vey well spotted! thanks for sharing!
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I think
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Good analysis. It will stay above 1800 then bounce up high.
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Keep up the good work mate ;)
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Good perspective🔥
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Nice job here! Thanks
Reply
Perfect!
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Thanks for sharing
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awesome plan mate
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