ETHUSD short-term trade
Updated
The price remains in the descending channel.
We see 3 scenarios:
1. The price will breakout without the pullback and will go straight towards the resistance.
2. We will see a small pullback to retest the support of the descending channel and after that the price will move back up and break out towards the target.
3. The price will break down and will retest the support at 1270 usdt
MACD doesn´t look bad therefore we think that 1 and 2 scenarios are more likely than 3.
We see 3 scenarios:
1. The price will breakout without the pullback and will go straight towards the resistance.
2. We will see a small pullback to retest the support of the descending channel and after that the price will move back up and break out towards the target.
3. The price will break down and will retest the support at 1270 usdt
MACD doesn´t look bad therefore we think that 1 and 2 scenarios are more likely than 3.
Trade closed: target reached
Target reached for this short-term trade
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