ETHUSD broke falling trendline what is next ?

Mar 29, 2021

Ok two different scenarios explained on chart perfectly one is green path and other red Arrow:

Green path: we would expect bullish market after breakout and new channel that is forming considered too and important resistance on way start of this path would be after breaking the local resistance that sown with red rectangle 1720-1730 and targets perfectly shown

Red path : on this scenario we expect market provide some fall and retest purple trendline that broke and after that continuation of rise and even if retest not completed then we would expect more bearish market and falling

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Mar 29, 2021

Note

we talked about this breakout and retest and this pump and huge rise is after conformation of breakout
look at the green path (second scenario ):

Mar 31, 2021

Trade closed: target reached

1858✔

Apr 2, 2021

Trade closed: target reached

target reached and channel broke