ETH IS A BEAST, WHAT'S NEXT!
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.
ETH ZOOM OUT VIEW
As we mentioned in the last video analysis, price was around a strong support zone, where we were speculating a new bullish reversal.
The link attached in the chart
So, after price broke above our major swing high and traded higher, price is now around our resistance zone again.
So, we will be speculating a new bearish reversal, and for the bears to kick in we need a break below the marked minor swing low.
Unless price formed a new major low and broke it downward then a movement lower would be expected
Until that happens, we are bullish, and price can still dive more before reversal.
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.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ETH ZOOM OUT VIEW
As we mentioned in the last video analysis, price was around a strong support zone, where we were speculating a new bullish reversal.
The link attached in the chart
So, after price broke above our major swing high and traded higher, price is now around our resistance zone again.
So, we will be speculating a new bearish reversal, and for the bears to kick in we need a break below the marked minor swing low.
Unless price formed a new major low and broke it downward then a movement lower would be expected
Until that happens, we are bullish, and price can still dive more before reversal.
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.
Be patient and good luck!
Note
Telegram channel: t.me/Snipers_F_x
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.
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.