Blockbullder

Eth to make a higher high before a retest of prior resistance

COINBASE:ETHUSD   Ethereum
Hi All here's my thoughts on Eth's movements for the coming weeks.

As per prior cycles I believe in the next 2.5 weeks Eth will rally a final leg up to the $2100 mark making a higher high & then break down.

There's a strong probability of rejection because
1. Crypto generally moves in-between ranges, this will create a higher high and form a new upward channel to range form over the coming months.
2. There's almost always a retest of the prior zone of resistance which has not yet happened.

Thanks

Blockbullder

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.