Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

QUICK UPDATE ON ETH.

As we can see price broke below our major swing low, then bears took over from a short term perspective trading inside this channel!

Meanwhile, as the price will be approaching our upper falling trendline, then we will be looking for new bearish movements as well.

Unless price managed to break above the marked major swing high,

Then a movement higher would be expected to dive more inside our resistance zone,

Until that we are still speculating new bearish movements.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
Chart PatternsSupport and ResistanceTrend Analysis

Telegram channel:

t.me/Snipers_F_x
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