Hello traders!
After the record-breaking pump ETH is falling and it is in the first phase of drop.
Ethereum is in a correction form and this correction will break the downside soon. ETH is now inside a channel and it will break this channel soon. We might see a fakeout first before a real drop.
After my deep analysis, I came to know that there are many different types of resistance one of them is Magnetic resistance.
Magnetic resistance is a line where the market keeps making patterns and these patterns are called reversal patterns which are caused by a magnetic line. In this picture, we can see three reversal patterns and I am expecting one more reversal pattern before any drop.
We aim to sell till the True reversal point which is at 3860 and I am expecting a rise exactly from there so don't miss the opportunity to buy from 3860.
Don't forget to hit the like button and follow to stay connected.
After the record-breaking pump ETH is falling and it is in the first phase of drop.
Ethereum is in a correction form and this correction will break the downside soon. ETH is now inside a channel and it will break this channel soon. We might see a fakeout first before a real drop.
After my deep analysis, I came to know that there are many different types of resistance one of them is Magnetic resistance.
Magnetic resistance is a line where the market keeps making patterns and these patterns are called reversal patterns which are caused by a magnetic line. In this picture, we can see three reversal patterns and I am expecting one more reversal pattern before any drop.
We aim to sell till the True reversal point which is at 3860 and I am expecting a rise exactly from there so don't miss the opportunity to buy from 3860.
Don't forget to hit the like button and follow to stay connected.