After the successful to the wick trade here what we are seeing now.
ETH price is trading under the two strong resistance and it will visit 1200-1380 and will go down towards 700 block.
We believe our charts very much and there is no 1400 on the charts for us it can only happen if and only if we able to break this strong resistance.
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OK question why this is a strong resistance? Here is why the fib channels are known for the mapping of old PAs and here what we come to know. That one of the resistance is a flipped support and now acting as resistance.
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What else yeah you are hungry for more confluence right?
You are seeing is a weekly SMA 200 which is a huge support (for all the Youtubers and Moonboys! JK) now acting as a resistance.
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The resistances done their job now lets wait for indices to move down and we will be @ 700ish
Solid analysis. And even more valuable in this particular period of turmoil - since we are not far from the bottom , reversals become frequent and pesky. TY