ETH S&R and trend lines
#ETH/USDT
$ETH broke down the support zone and now is inside this zone maybe to confirm it as resistance!
🐻 high probability is breaking down from ascending trend line will drop price to lower trend line and support zone around $1250.
🐮 but if bulls surprise us and going to stay above the current zone, $ETH will have another leg up toward the resistance zone around $2k.
$ETH broke down the support zone and now is inside this zone maybe to confirm it as resistance!
🐻 high probability is breaking down from ascending trend line will drop price to lower trend line and support zone around $1250.
🐮 but if bulls surprise us and going to stay above the current zone, $ETH will have another leg up toward the resistance zone around $2k.
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#ETH/USDT
#update
$ETH broke down from ascending trend line.
🐻 so seems more drop (as I mentioned in the last analysis) to touch the lower trend line and maybe support zone around $1250.
#update
$ETH broke down from ascending trend line.
🐻 so seems more drop (as I mentioned in the last analysis) to touch the lower trend line and maybe support zone around $1250.
