ETHUSD has reached a critical support and major price reversal zone. If you look left, you can see why.
If price can break and close below this level, price will likely go down to reach targets on the bearish pennant I posted in my last ETHUSD post -- which would take price down to about 500.
At 500 is where I'd either be looking for a major reversal or a strong continuation to the downside.
Only time will tell.
Happy Trading!
If price can break and close below this level, price will likely go down to reach targets on the bearish pennant I posted in my last ETHUSD post -- which would take price down to about 500.
At 500 is where I'd either be looking for a major reversal or a strong continuation to the downside.
Only time will tell.
Happy Trading!
Trade closed: target reached:
Target Hit
Happy Pips