ETHUSD (Ethereum) – Week 47 – Important resistance

From a technical perspective Ethereum is at an important resistance area that is marked on the chart. This is the area that we have to study to understand the next move. Although we are in an uptrend and we give a higher probability for a break to the upside, we can’t pick with 100% accuracy when the correction is over, so a move to retest the lows is always in play.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.