ETH, two very possible scenario 1440$ or 1700$?
After forming an ascending channel ETH lose the support zone and the base trendline at 1650$ area. There are two possible scenarios:
Bullish:
Support zone at 1550 act as a strong liquidity impulse pushing the price at next resistence 1650$. After consolidating in this zone next step will be 1700$ and 2000$
Bearish:
The support zone where we are 1570$ will be invalidated with a 4h close below it. Next strong support is at 1440$ but there is a possible stop at 1500$ before it.
Actually im out of the market waiting confirmation such as pattern and waiting my script turn long on 1h time frame.
Have a good day!
Bullish:
Support zone at 1550 act as a strong liquidity impulse pushing the price at next resistence 1650$. After consolidating in this zone next step will be 1700$ and 2000$
Bearish:
The support zone where we are 1570$ will be invalidated with a 4h close below it. Next strong support is at 1440$ but there is a possible stop at 1500$ before it.
Actually im out of the market waiting confirmation such as pattern and waiting my script turn long on 1h time frame.
Have a good day!