HEY WAAHATS UP Guys & Girls!
in previous analysis we saw this clear head-shoulder pattern and predicted a downtrend, and it lost the pivot zone and we saw that after a heavy fall reached the lower support zone and even went beyond !
today in this chart ,We see that the previous support zone became a pivot and resistance zone , and as long as the ethereum is blew this zone it can fall more , but after a massive decline i think it can have corection move at least to have pullback, then fall again . but if ETH be able to overcome the pivot zone , it can rises to higher resistance zone !
but take it mind as long as we don't see a valid sign to change for market direction and ETH can follow the bars pattern and breakout the bottom line of channel and even see to lower fibo price levels !
βοΈ Good luck with your trading and investing and remember: Trade smartβ¦OR JUST DONβT TRADE!
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πThis analysis is my personal opinion ,not a financial advice ,so do your own research.
π if you're a fan of my analyses PLZ follow me and give a big thumbs π OR drop comment π―π
in previous analysis we saw this clear head-shoulder pattern and predicted a downtrend, and it lost the pivot zone and we saw that after a heavy fall reached the lower support zone and even went beyond !
today in this chart ,We see that the previous support zone became a pivot and resistance zone , and as long as the ethereum is blew this zone it can fall more , but after a massive decline i think it can have corection move at least to have pullback, then fall again . but if ETH be able to overcome the pivot zone , it can rises to higher resistance zone !
but take it mind as long as we don't see a valid sign to change for market direction and ETH can follow the bars pattern and breakout the bottom line of channel and even see to lower fibo price levels !
βοΈ Good luck with your trading and investing and remember: Trade smartβ¦OR JUST DONβT TRADE!
--------------------------------------------------------------------------------------------------------------------
πThis analysis is my personal opinion ,not a financial advice ,so do your own research.
π if you're a fan of my analyses PLZ follow me and give a big thumbs π OR drop comment π―π
