Barysbyek

ETHUSD - an important decision ahead

Short
COINBASE:ETHUSD   Ethereum
Hello all,

The crypto market is being quite bearish recent days.
As for the ETHUSD pair the situation is as follows:
  • The Ethereum has come to the long term support line and forming a bearish pattern.
  • On a daily and weekly charts there is an obvious double top pattern
  • Bearish candles are way bigger than bullish ones.

We need to wait for a confirmed breakout and the retest of the 3955 USD level, which is a quite strong structural support.
3660 USD is a level to watch out and the TP is around 2800 USD.

Good luck! Please like & subscribe if you liked this idea :)

Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers!

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