ETHUSD ready to break support and fall to 1300 ?

27 feb 2021

As we can see ETHUSD is getting weaker and weaker (lower highs near this support )
Red path :
and when market create lower high near one support that means that market is getting ready to break support and created lower low too.
so 1400 can easily break and we would expect 1300 for our first target of falling scenario .
Green path :
But we should consider this that if this local resistance and trendline break : price go above 1550 and retest complete then we can expect bull market and target would be 1700 at least

here is previous analysis that first target reach and still wait for second target and this analysis is update of that:

<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

this time share your idea about it and lets discuss about it (my opinion is Red path (70% sure ) for now but we can expect some more bull candle before falling ,Green path as you can see )

pervious analysis linked below enjoy

28 feb 2021

Trade chiuso: obiettivo raggiunto

here is update and new position