ETH S&R and trend lines
#ETH/USDT
ETH broke down the support zone and now is inside this zone maybe to confirm it as resistance!
🐻 high probability is breaking down from ascending trend line will drop price to lower trend line and support zone around $1250.
🐮 but if bulls surprise us and going to stay above the current zone,ETH will have another leg up toward the resistance zone around 2k.
ETH broke down the support zone and now is inside this zone maybe to confirm it as resistance!🐻 high probability is breaking down from ascending trend line will drop price to lower trend line and support zone around $1250.
🐮 but if bulls surprise us and going to stay above the current zone,
ETH will have another leg up toward the resistance zone around 2k.Trade active
#ETH/USDT#update
ETH broke down from ascending trend line.🐻 so seems more drop (as I mentioned in the last analysis) to touch the lower trend line and maybe support zone around $1250.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.