FieryTrading

🔥 Ethereum Horizontal Trade: Another Reversal Soon?

Short
KRAKEN:ETHUSD   Ethereum
Over the course of a month, ETH has traded within the horizontal channel on the chart. With ETH seeing a strong upward move recently, it's likely that ETH will see another reversal from the top resistance area.

Be patient for a rejection candle. A strong bullish candle right through the yellow area will invalidate the signal. Target is the support of the channel.

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