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 mentioned in our previous analysis price is still sitting around a massive resistance zone, where we are still interested in looking for new shorts. 📚
👉 And we mentioned that from a short-term perspective, price is still overall bullish trading inside this rising channel, and we were waiting for a new swing low to be formed which is now done!
Then what's next!?
👉For the bears to take over, and to have a shift in momentum, we need a break below the marked swing low by a momentum H1 candle close, then a movement lower would be expected.
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.
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