Ethereum- Waiting for clarification
The month of November was good for Ethereum also, with the coin managing to break above the 1930-1950 zone resistance and making a high shy above 2100 (also resistance given by previous high from mid-April).
After this high, EthUsd started to correct and consolidate in what seems like a bullish flag.
With the new optimism in the crypto market we can have a break above the flag's falling trend line resistance and a new leg up to test the 2.3 zone very important resistance could follow.
On the other hand, a break back under 1950 could lead to a drop back to 1700 support and is not good at all for the overall structure.
After this high, EthUsd started to correct and consolidate in what seems like a bullish flag.
With the new optimism in the crypto market we can have a break above the flag's falling trend line resistance and a new leg up to test the 2.3 zone very important resistance could follow.
On the other hand, a break back under 1950 could lead to a drop back to 1700 support and is not good at all for the overall structure.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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