ETH/USDT
Ethereum price now resting above 3 supports :
1- Trendline support since beginning of November
2- also we can see 200EMA just little below (Dynamic support)
3- Another support we are also on 0.618 fib level (540$)
If next candels closed below this mean high chance we can drop further more to 515-480$ area
Possibility of drop is higher
However if bulls enter here and next candels closed above the trendline again this mean bearish scenario is invalidated and we go up
And you should ready for anything
Do you agree ?
Never trade blindly and always have a plan
Good luck and happy trading for you all 🌹
Ethereum price now resting above 3 supports :
1- Trendline support since beginning of November
2- also we can see 200EMA just little below (Dynamic support)
3- Another support we are also on 0.618 fib level (540$)
If next candels closed below this mean high chance we can drop further more to 515-480$ area
Possibility of drop is higher
However if bulls enter here and next candels closed above the trendline again this mean bearish scenario is invalidated and we go up
And you should ready for anything
Do you agree ?
Never trade blindly and always have a plan
Good luck and happy trading for you all 🌹
