What Can We Do With ETH/USD Now

We all see the support zone formed by intersection of two supports: down-trend support and the buy zone of the previous pump ($102 - $109). Thus, in the future the price will go to the correction of the previous fall. It will face the resistance $116 - $121 and move lower again, to the same support zone (green rectangle), from where we will start the next growth, as it shown on the chart by green arrows.

However, there is another option. If we break through support of the buy zone and consolidate under the global support of the ascending trend ETH/USD. In this case the price will fall lower to the zone of $83 - $95. And only from this zone we will see a corrective growth to the next resistance.

There are two options for opening any positions:

• Either it is SHORT from $116 - $121 with targets in the lower part of the triangle and the support of the falling wedge $83 - $95.
  
• Either it is LONG with the buy zone around $99 - $109 with targets on and above the triangle resistance zone. Stop Loss at $94.