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MMBTtrader
Apr 9, 2021 3:43 PM

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

Ethereum / U.S. dollarBitstamp

Description

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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Comments
Jeams_binni
Good analyses
FieryTrading
Nice chart mate🔥
AtlasTrades
great lovely
kurshad
Your chart is amazing. Thank you.
Victor1288
There is also a big volume sitting @ 1800.. do we expect and wait for pullback this week?
Guapeva
interesting!
metal_firtina_01
failed as of now
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