Eth has potential to rise, but has resistance in the way
Not so sure about this idea but I figured I would put it out there and see. Always a learning experience, right? :)
It seems ETH changed downtrend angle 3 times before breaking out, and we could see a resistance at the remaining two. It's important to note that the very last resistance line is at the same angle and location as the original downtrend line (if you look at my last idea). Watch carefully at both flag marks as they could be huge turning points in the market. If successfully broken, next target is 260-270.
Good luck!
It seems ETH changed downtrend angle 3 times before breaking out, and we could see a resistance at the remaining two. It's important to note that the very last resistance line is at the same angle and location as the original downtrend line (if you look at my last idea). Watch carefully at both flag marks as they could be huge turning points in the market. If successfully broken, next target is 260-270.
Good luck!
Comment:
Broke resistance 2, only one left baby!
If we break loose next target is on downtrend line 1, if we head down we shouldn't go below 160.