Scenario 1 (High probability): As you can see in the chart, BINANCE:ETHUSDT has formed a nice Flag pattern and heading towards the next support. If ETH follows this flag support then we are looking at ETHs Next support around 2k I hope this flag pattern fails and ETH shows some bullish momentum. However sometimes correction are best to get more accumulation and bounce back higher. As we are currently in the pre-halving correction, 2000 for ETH is an expected correction. If you are high risk trader then you can enter a short position
Entry Price : 23000 Stoploss: 2400
Target 1: 2250 Target 2: 2175 Target 2: 2100
Note: Enter only if you are willing to take risk.
Second Scenario: If the Flag pattern fails, then we. can expect ETH To break the resistance around $2400 and consolidate around that area.
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