mkanik

ETH future

Short
BITFINEX:ETHUSD   Ethereum
All in all, overhead resistance is very strong. It needs time and right setup to pierce through. But you can see that 367 level is very an important level and should bounce back to pivot at 536 where coincides with the overhead resistance. This formation is also known as the bearish flag which will turn into another bearish move down to former resistance level. After enough time passed on the low side, it can pierce through the overhead resistance in a head and shoulder pattern.

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