ETH pullback or potential to break?

2 авг. 2022 г.

#ETH/USDT
ETH touched the support zone as expected in my last analysis and rejected touching the broken ascending trend zone, which is the same as the long-term resistance zone.

🐻 so if it would be just a pullback move to confirm the support as resistance, then price may drop from this zone and break below the support zone.

🐮 but if price breaks out from resistance zone we can expect another leg up toward $2000.

5 авг. 2022 г.

Заметка

#ETH/USDT
#update

ETH in a short time frame shaped an inverted head and shoulders pattern and broke out from the neckline.

🐮 after a pullback to the broken neckline, we can expect price increase toward the resistance zone between $1740 and $1780.

🐻as we are in a boring sideways move, so price may reject from ascending resistance zone and drop to the support zone.