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 is still stuck inside this big range between our support and resistance zone

And recently price rejected our resistance zone and traded lower.

However, price is still overall slightly bullish trading inside this channel

Meanwhile, as the price will be approaching our upper resistance zone, Then we will be looking for new bearish movement.

Unless price managed to trade lower again, Then we will be looking for new longs around our previous major highs broken upward as shown on the chart.


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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