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ETH - Make or Break Zone!
Ethereum / Tether
ETH - Make or Break Zone!
By TheSignalyst
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Jun 3
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Jun 3
Hello TradingView Family / Fellow Traders,
ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
The bulls maintain control as long as ETH is trading within the rising channel marked in red.
In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected.
2️⃣ Bearish - Correction
If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone.
Which scenario is more likely to happen first? and why?
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
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