ETHUSD – Ethereum – Week 5 – More correction and then up
The first target in the last week's analysis was successfully reached because Ethereum broke the top again after the correction that was in the direction of the big trend.
Now the price structure shows us another corrective movement that is more likely to make ETH continue the uptrend rather than falling deeper to make a bigger correction. However, if price falls, we have important levels that if they are broken it would turn our sentiment to bearish. These important levels are the rectangular areas at 1040$ and 900$.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Now the price structure shows us another corrective movement that is more likely to make ETH continue the uptrend rather than falling deeper to make a bigger correction. However, if price falls, we have important levels that if they are broken it would turn our sentiment to bearish. These important levels are the rectangular areas at 1040$ and 900$.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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