financialflagship

ETHUSD (Ethereum) – Week 50 - Critical resistance

BITSTAMP:ETHUSD   Ethereum
Hello traders,
Ethereum is close to the resistance area marked on the chart. Here we see 2 possible scenarios for this cryptocurrency. It will either break it and consolidate above starting a new impulse to the upside or it will reverse and retest the support area at $3,4k.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

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