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ETHUSD W1: STUCK AT ATH. TWO OPTIONS. 2000USD OR 600USD IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as NEUTRAL because right now it's 50/50 since we are stuck at ATH.
🔸 Summary and potential trade setup ::: ETHUSD weekly chart review/outlook ::: still struggling at ATH ::: mixed outlook it's 50/50 ::: can breakout soon and then logical ::: target for bulls will be 2 000 USD ::: which is 80% gains from current price ::: HOWEVER we can also breakdown from here ::: if BEARS close below interm resistance ::: below 1100 USD open up more downside ::: target BEARS is 600 USD ::: recommended strategy: wait for D1 close ::: of the candle either above 1400 USD ::: then you can BUY/HOLD TP 2000 USD ::: alternatively D1 candle close below 1100 USD ::: you can open SHORT TP 600 USD ::: setup for position traders ::: with higher risk do not use high leverage ::: good luck traders! 🔸 Supply/Demand Zones ::: 2000 USD FRESH SUPPLY ZONE ::: 600 USD FRESH DEMANS ZONE 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: STUCK AT ATH/BREAKOUT ::: Sentiment outlook short-term: RANGE/MIXED/