MMBTtrader

ETHUSD Ready to rise once again (creation of double bottom)?

Long
BITSTAMP:ETHUSD   Ethereum
here is valid channel that formed on 4H and we just touch support and lower channel side and rise is expected now :
And in lower time frames that we re watching right now we had some how creation of double bottom that is reversal pattern and we would expect rise after breaking neckline

Notice :price broke neckline and fist green line is expected but if it fall then again second path that considered will follow and reaching our targets that mentioned on chart .
Notice :this analysis is for short-term trader
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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