ETHUSD (Ethereum) – Week 48 – Is the correction over?

For this week we see 2 scenarios for Ethereum. The first one is a corrective move to the upside that will reach the resistance area marked on the chart and then a reversal to the downside (red pathway). The second one is an impulse to the upside that will break the blue trendline, consolidate above and continue the bullish move (blue pathway).

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.