currencynerd

ETHUSD traversing near imperative support level

Short
currencynerd Updated   
BITSTAMP:ETHUSD   Ethereum
The crypto market this past week has suffered a decline in value , FROM THE SELLOFF ETHUSD is now nearing a liquidity pool ranging from 3917.600 to 3878.89 which is a very significant zone which may act as short term support/demand to push price up to 4093.53 daily supply level which is a crucial level of bearish sensitivity , which we may cause price to breakout of bullish trendline to test lower targets @ monthly demand level @ 3431.59. The other scenario which we may see playout is price my violate the liquidity pool and later retest it as resistance before continuing its abrupt drop.
Trade closed: target reached

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