MMBTtrader

ETHUSD is creating reversal pattern and fall or new ATH ahead ?

Short
BITSTAMP:ETHUSD   Ethereum
Ethereum is in range for while near previous all time high and this shown the strength of market too and we may expect new ATH too but for now this range has one more bad influence and that is creating some horizontal channel or ... and breaking previous uptrend trendline like this green trendline that broke so sellers looking for these kinds of structure and soon we may expect pressure of sell too and market will provide some correction or falling all way down to our targets

Targets:
A. 1900
B. 1725

NEW all time high expected if we had breakout to upside and uptrend continues : 2250

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


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