#ETHUSDT Ethereum Mid-term analysis on day time-frame..
Previously Ethereum was in cup and handle pattern and perfectly broke out the resistance with good volume for hitting cup and handle's potential. Now after #bitcoin crash ethereum is holding cup and handle support between 3800 to 4000$ very well. Currently running in rising wedge. Both scenarios are explained in chart.
Bullish scenaro:
If Ethereum holds cup and handle support then we can see upward trend till 5k$+ in mi-term.
Bearish scenario:
If cup and handle support will broke then we can downtrend till 3k$.
Main supports: 3.8k$ , 3k$, 2.5$.
Main resistance: 4.8$.
Do your own research before any kind of investment. This is not Financial advice. If you like my work kindly do like and follow.
Bullish scenaro:
If Ethereum holds cup and handle support then we can see upward trend till 5k$+ in mi-term.
Bearish scenario:
If cup and handle support will broke then we can downtrend till 3k$.
Main supports: 3.8k$ , 3k$, 2.5$.
Main resistance: 4.8$.
Do your own research before any kind of investment. This is not Financial advice. If you like my work kindly do like and follow.
Trade closed: stop reached:
Break of structure