Art_of_Trading

ETHUSD: Potential Bat Pattern - ETHEREUM H1

Corto
BITFINEX:ETHUSD   Ethereum
The ETHUSD price didn’t move much last few hours. Also, it is weekend and no strong momentum expected at those times. There is a structure high at $770 area, which acts as resistance level. If the price go close to that level then, it is expected that new sellers step in and price bounce back. Moreover, there is a potential bat pattern formations, that increases the probability of this trade.

T1- 38.2%
T2 – 61.8%
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