After forming an ascending channel ETH lose the support zone and the base trendline at 1650$ area. There are two possible scenarios:
Bullish:
Support zone at 1550 act as a strong liquidity impulse pushing the price at next resistence 1650$. After consolidating in this zone next step will be 1700$ and 2000$
Bearish:
The support zone where we are 1570$ will be invalidated with a 4h close below it. Next strong support is at 1440$ but there is a possible stop at 1500$ before it.
Actually im out of the market waiting confirmation such as pattern and waiting my script turn long on 1h time frame.
Have a good day!
Bullish:
Support zone at 1550 act as a strong liquidity impulse pushing the price at next resistence 1650$. After consolidating in this zone next step will be 1700$ and 2000$
Bearish:
The support zone where we are 1570$ will be invalidated with a 4h close below it. Next strong support is at 1440$ but there is a possible stop at 1500$ before it.
Actually im out of the market waiting confirmation such as pattern and waiting my script turn long on 1h time frame.
Have a good day!
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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.