Two days ago I said that I'm bearish EthUsd and I'm looking to sell
Unfortunately, my trade was stoped with a loss, but this didn't make me change my opinion nor the price evolution gives reasons for bulls to be happy.
Looking at the chart we can see that Eth has risen in a channel and made a new ATH, just to quickly reverse and drop under the channel's support.
The structure at this point is very bearish and the new ATH is an important top that I believe will hold for quite some time.
IMO rallies should be sold and 2350 and 2500 could be zones of interest
My first target is 2k
Unfortunately, my trade was stoped with a loss, but this didn't make me change my opinion nor the price evolution gives reasons for bulls to be happy.
Looking at the chart we can see that Eth has risen in a channel and made a new ATH, just to quickly reverse and drop under the channel's support.
The structure at this point is very bearish and the new ATH is an important top that I believe will hold for quite some time.
IMO rallies should be sold and 2350 and 2500 could be zones of interest
My first target is 2k
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📈 Forex & XAU/USD Channel:
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🌟 Premium Contact:
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