Hello and welcome to my Trade Idea of the currency pair ETH/USD.
Lets start with the Top Down Analysis.
Monthly: The last month was bearish and the candle now is also bearish.
Weekly: Weekly is bearish and the market has broken the counter trendline.
Daily: The daily timeframe is in a downtrend too.
H2: On the h2 timeframe we draw the pennant pattern and expect new lows.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The last month was bearish and the candle now is also bearish.
Weekly: Weekly is bearish and the market has broken the counter trendline.
Daily: The daily timeframe is in a downtrend too.
H2: On the h2 timeframe we draw the pennant pattern and expect new lows.
Have a nice day.