W7 – 3 – Long on ETH
Ethereum / TetherUS BINANCE:ETHUSDT
ETH has been in a bearish trend for quite sometime. There has been some consolidation recently and it did make a higher high, but it’s possible that it will resume its bearish trend or might stay in consolidation range for a while. However, 2771 has been identified as a good resistance zone which used to be a support and now it’s a resistance. It’s also very close to fibonacci level. It has been broken 2 times and it’s likely that this will be tested again. We can do a quick trade with 2750.00 as our TP with SL of 2444 (a little below good support zone ).
