Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Quick update on ETH.
As we can see price is still overall stuck inside this big rangy market.
Meanwhile, as we mentioned in the previous analysis as the price will be approaching our lower bound we will be looking for new bullish movements from a shorter-term perspective.
Then for the bulls to start, we need a break above the marked swing high from H1 time frame, And for the bulls to remain in control we need a break above the upper levels acting as a minor resistance zones.
Unless price managed to trade lower again to test our lower support zone, This these scenarios will be no longer valid, and we will be looking again for new longs as well.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
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