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MMBTtrader
May 7, 2021 5:14 AM

Where is next support of ETHUSD if it start correction ?ย Short

Ethereum / U.S. dollarBitstamp

Description

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On this chart and analysis a major Topic is this that if Ethereum start to fall when it will stop dumping ?
At the first we should talk about it that it pump with out any rest and range after breaking previous ATH so if any dump start that would be sharp and we considered these green rectangle as targets and support zone available.

and if again price get strength and start to fly once again, these red rectangles are major resistance for new ATH .

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

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Comments
TJvH
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great analysis. Both are good, let it fall big time and we will buy, let it rise and we will keep what we have :-)
MMBTtrader
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@TJvH, yes sure and thanks for feedback
Ether2020
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Great chart analysis, I see it exact the same!
ahkai35
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Going to buy my first ether when it dips.
jojofang0901
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Interesting, not sure how much will it correct or pullback but agree with the short term bearish move thx
MMBTtrader
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@jojofang0901, great and thanks
Stargazer_fx
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great job mate
MMBTtrader
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@Stargazer_fx, thanks bro
FieryTrading
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Good point
MMBTtrader
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@FieryTrading, most welcome
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