currently ETH is being squeezed between the ascending support in green and descending trendline in red
If we maintain to break above the bearish trendline i think we have the possibility to go to 1940 -2035 range if broken the momentum will kick in and 2400 levels will be the target for bulls
however if we break below the support in green more bearish momentum will add and the pair is likely to go to 1520 level with high possibility to break it and continue to 1300 level
Please do like this idea if you find it useful and if you have any questions or want me to analyze other pairs, then add it to the comment section below
note: this is not an entry advice please contact your financial advisor for position management
If we maintain to break above the bearish trendline i think we have the possibility to go to 1940 -2035 range if broken the momentum will kick in and 2400 levels will be the target for bulls
however if we break below the support in green more bearish momentum will add and the pair is likely to go to 1520 level with high possibility to break it and continue to 1300 level
Please do like this idea if you find it useful and if you have any questions or want me to analyze other pairs, then add it to the comment section below
note: this is not an entry advice please contact your financial advisor for position management
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