EthereumUpdated 25,000+ Pips and Counting (33%)
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!
Note
Boom.Happy Pips
Trade closed: target reached
Target Hit
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Related publications
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.