ETH TAKING OFF

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

Quick update on ETH.

As we mentioned in the previous analysis, our levels were broken and traded higher rejecting our lower massive support zone.


Moreover, price is still overall bearish making clean lower lows and lower highs,

However, price is approaching a strong zone, where we have a supply zone lining up with a falling trendline.

2 possible scenarios:

Price can still trade a little more higher before the next bearish movement can be confirmed on lower time frame..

Unless price managed to keep trading higher, as we are still bullish from a short term perspective.

If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
Chart PatternsSupport and ResistanceTrend Analysis

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