ETHEREUM FULL ANALYSIS. CONTINUATION OR REVERSAL?
Hello Traders, this is my analysis on this Pair.
On the Monthly Timeframe, Price is currently retracing after a strong bullish Impulse
On the Weekly Timeframe, Price is currently creating a bullish candle, the close of this week will be vital, therefore I will monitor price action around this level.
On the daily Timeframe, Price is inside a supply and Demand zone.
Final Verdict; I will be monitoring Price action for a breakout. The long term direction of this pair will be decided by the direction it chooses in the coming days.
On the Monthly Timeframe, Price is currently retracing after a strong bullish Impulse
On the Weekly Timeframe, Price is currently creating a bullish candle, the close of this week will be vital, therefore I will monitor price action around this level.
On the daily Timeframe, Price is inside a supply and Demand zone.
Final Verdict; I will be monitoring Price action for a breakout. The long term direction of this pair will be decided by the direction it chooses in the coming days.
