MMBTtrader

ETHUSD reaching new all time high soon ? or some more range?

BITSTAMP:ETHUSD   Ethereum
we talked about every wave and up and down of Ethereum before and now we are facing strong resistance created on 2000

we expect two upcoming scenario here :

Green path :
price break this local resistance over here and purple trendline stay valid and pump to 2040 and more

Purple path:strong and most important trendline here is green trendline and pressure of resistance can fall price to this important support and then we would expect some targets like :

Targets:
A.1999
B.2200
C.2550(why 2550? next chart is reason that this target comes from weekly Fibo)
Reason :
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