ETHUSD broke falling trendline what is next ?
Updated
Ok two different scenarios explained on chart perfectly one is green path and other red Arrow:
Green path: we would expect bullish market after breakout and new channel that is forming considered too and important resistance on way start of this path would be after breaking the local resistance that sown with red rectangle 1720-1730 and targets perfectly shown
Red path : on this scenario we expect market provide some fall and retest purple trendline that broke and after that continuation of rise and even if retest not completed then we would expect more bearish market and falling
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Green path: we would expect bullish market after breakout and new channel that is forming considered too and important resistance on way start of this path would be after breaking the local resistance that sown with red rectangle 1720-1730 and targets perfectly shown
Red path : on this scenario we expect market provide some fall and retest purple trendline that broke and after that continuation of rise and even if retest not completed then we would expect more bearish market and falling
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Note
we talked about this breakout and retest and this pump and huge rise is after conformation of breakout look at the green path (second scenario ):
Trade closed: target reached
1858✔Trade closed: target reached
target reached and channel broke
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