Hello all,
The crypto market is being quite bearish recent days.
As for the ETHUSD pair the situation is as follows:
We need to wait for a confirmed breakout and the retest of the 3955 USD level, which is a quite strong structural support.
3660 USD is a level to watch out and the TP is around 2800 USD.
Good luck! Please like & subscribe if you liked this idea :)
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers!
The crypto market is being quite bearish recent days.
As for the ETHUSD pair the situation is as follows:
- The Ethereum has come to the long term support line and forming a bearish pattern.
- On a daily and weekly charts there is an obvious double top pattern
- Bearish candles are way bigger than bullish ones.
We need to wait for a confirmed breakout and the retest of the 3955 USD level, which is a quite strong structural support.
3660 USD is a level to watch out and the TP is around 2800 USD.
Good luck! Please like & subscribe if you liked this idea :)
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers!