ETH GIANT DOUBLE BOTTOM UPDATE
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ETH/USDT Daily Time Frame:
Giant Double Bottom Update
🔴The Red Area is our Weekly Support and Resistance
🔵The Blue Area is our Daily Support and Resistance
As we rejected our weekly support (1.7k-1.8k), we broke to the upside and formed the double bottom as expected. Then we broke above the neckline and hit our targets. Now we are reaching our 2.9k daily resistance again.
If we see a rejection, we will easily go back to our 2.5k-2.6k Daily support.
On the other hand, if we break above 2.9k we could see a continuation till 3.1k-3.2k as there are no resting orders left there we have a clear traffic.
Watch BTC on the side, as always, we'll update you.
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
...................................................................................................................................................................................
ETH/USDT Daily Time Frame:
Giant Double Bottom Update
🔴The Red Area is our Weekly Support and Resistance
🔵The Blue Area is our Daily Support and Resistance
As we rejected our weekly support (1.7k-1.8k), we broke to the upside and formed the double bottom as expected. Then we broke above the neckline and hit our targets. Now we are reaching our 2.9k daily resistance again.
If we see a rejection, we will easily go back to our 2.5k-2.6k Daily support.
On the other hand, if we break above 2.9k we could see a continuation till 3.1k-3.2k as there are no resting orders left there we have a clear traffic.
Watch BTC on the side, as always, we'll update you.
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
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