Bearsish Scenario ETHUSD
Daily Ethusd requires some rocket fuel to reverse into a positive position again. Current set-up is bearish on daily chart. A close below 2300 suggests further downside. An inverted pennant is drawn which would suggest a bear market floor of 392. Off course this this would be invalidated IF. A daily candle closes outside upper boundary of Pennant. Reversals may occur at Noted resistance levels. Bull case will be developed if we can close above 2916.
T2 = 2916
T1= 2719
R1 = 2264
R2 = 1961
R3 = 1628
T2 = 2916
T1= 2719
R1 = 2264
R2 = 1961
R3 = 1628
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