ETHEUR Analysis 14-03-2021
Currently, it's best to wait & see before taking any positions. There are 3 possible scenarios that could happen:
1. It will break the channel resistance at around €1,590 (wait until the bar close above the resistance line). In this case, the price might goes up to €1,650 and then testing the previous ATH at €1,665.
2. The price bounce at the channel resistance (around €1,590) to around €1,540. Wait until it bounce before short.
3. The price don't manage to break the triangle and goes back down. In this case, it's unclear where it will break out. So let's just wait & see here.
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1. It will break the channel resistance at around €1,590 (wait until the bar close above the resistance line). In this case, the price might goes up to €1,650 and then testing the previous ATH at €1,665.
2. The price bounce at the channel resistance (around €1,590) to around €1,540. Wait until it bounce before short.
3. The price don't manage to break the triangle and goes back down. In this case, it's unclear where it will break out. So let's just wait & see here.
** If you enjoy my idea, please like.
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