MMBTtrader

ETHUSD strong support zone touched rise is expected

Long
MMBTtrader Updated   
BITSTAMP:ETHUSD   Ethereum
As we can see 4H candles close above trendline and uptrend is still running we may have one more push for now to upside and first target is near 4200 that is right shoulder of head and shoulder if price start to fall from that area (40% expected)then we have strong reversal pattern and huge fall is expected or price can continue pumping easily and reach new ATH even as mentioned on chart with green arrow .

Notice: market need some bull candle now and rise is expected too now after that correction .but for sure be careful and take look at supports available now on chart if theses support break more fall is expected too.

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


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Comment:
here are some important support zone ahead :


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