ETHUSD is heading to the resistance of the descendig channel

COINBASE:ETHUSD   Ethereum / U.S. Dollar
We can see on the chart that the price is reaching the resistance of the descending channel between 950-1000. On this level we could reasonably expect a reversal. The fall could be huge if the dollar get stronger during the next days. A final target could be around 400.
The scenario will be invalidated above 1050.
very nice setup sir
+1 Reply
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