MIDWAY ON ETH, WHAT'S NEXT!
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.
ETH ZOOMED OUT VIEW.
As we can see price still stuck inside this big range between support and resistance.
However, as we can see as the price approaches our rejections, small consolidation then break!
So, for now, what!?
For now, price is trading inside this falling channel, and for now we are around the middle, so we need some confirmations for the next movement.
And as we can see price got stuck inside this small consolidation, if the break managed to break lower, then a movement lower would be expected till the lower support zone lining up with the falling lower bound channel.
Where we will be looking for new longs.
Unless price managed to break higher then the correction will start then we will be looking for new shorts as the price will be approaching the upper falling trendline as a trend falling setups.
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!
If you like the idea, do not forget to support with a like and follow.
ETH ZOOMED OUT VIEW.
As we can see price still stuck inside this big range between support and resistance.
However, as we can see as the price approaches our rejections, small consolidation then break!
So, for now, what!?
For now, price is trading inside this falling channel, and for now we are around the middle, so we need some confirmations for the next movement.
And as we can see price got stuck inside this small consolidation, if the break managed to break lower, then a movement lower would be expected till the lower support zone lining up with the falling lower bound channel.
Where we will be looking for new longs.
Unless price managed to break higher then the correction will start then we will be looking for new shorts as the price will be approaching the upper falling trendline as a trend falling setups.
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!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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