ETH RECTANGLE FORMING

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ETH formed a channel and hit our targets.

Now we can see ETH clearly between 2.4k and 2570, it is forming a rectangle. We are waiting for a break either from the upside or the downside.

If we break from below, we will go to 2.2k as our first target.
If we break from the upside, we would see 2750 again.

Support: 2.4k
Resistance: 2570

Note that we will most probably break to the upside as we expect BTC to complete the inverted head and shoulders (link below)
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What do you think?

Good luck traders,

Not financial advice
Manage risk and leverage
DYOR

NajjarTrading

Trade closed: target reached:

COSED BELOW 2.4K THEN TARGET HIT DIRECTLY