Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ETH FROM A MEDIUM-TERM PERSPECTIVE!
As we mentioned before in the previous analysis, price is still struggling around 1700 & 1800.
And as we can see price got stuck inside this range, for the bulls to kick in we need a break above the upper bound of the range then a movement higher would be expected till the upper rejection zone 2k
Unless price managed and bears kicked in again, so for the bears to give control price need to break below 1700 and the lower bound of this range,
Then a movement lower would be expected.
On another hand, as the price will be approaching our lower bound and 1700 support zone we will be looking for new bullish movement from a short term perspective, unless as we mentioned before,
A break below the lower bound of the range.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ETH FROM A MEDIUM-TERM PERSPECTIVE!
As we mentioned before in the previous analysis, price is still struggling around 1700 & 1800.
And as we can see price got stuck inside this range, for the bulls to kick in we need a break above the upper bound of the range then a movement higher would be expected till the upper rejection zone 2k
Unless price managed and bears kicked in again, so for the bears to give control price need to break below 1700 and the lower bound of this range,
Then a movement lower would be expected.
On another hand, as the price will be approaching our lower bound and 1700 support zone we will be looking for new bullish movement from a short term perspective, unless as we mentioned before,
A break below the lower bound of the range.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!