STRONG DEMAND ON ETH
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.
ETH QUICK UPDATE
As we can see price is still overall bullish from a long-term perspective, Moreover, price is trading inside this rising broadening wedge pattern making clean higher highs and higher lows.
Meanwhile, price now in a strong impulse movement upside, then as the price will be approaching the upper marked zone, which is the intersection of a strong resistance zone, lining up with our upper bound of the channel, which can be acting as an over-bought zone, where we will be looking for new bearish correction movement.
Unless price managed to trade again lower till our support zone, then we will be looking for new longs instead.
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!
If you like the idea, do not forget to support with a like and follow.
ETH QUICK UPDATE
As we can see price is still overall bullish from a long-term perspective, Moreover, price is trading inside this rising broadening wedge pattern making clean higher highs and higher lows.
Meanwhile, price now in a strong impulse movement upside, then as the price will be approaching the upper marked zone, which is the intersection of a strong resistance zone, lining up with our upper bound of the channel, which can be acting as an over-bought zone, where we will be looking for new bearish correction movement.
Unless price managed to trade again lower till our support zone, then we will be looking for new longs instead.
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!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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