A strong downward resistance trendline has formed and is putting ETH under bearish pressure.
For traders, is it going to be the "red pill" or the "blue pill"??
If the ascending channel in orange holds, the there is nothing to worry. Otherwise, I don't like giving numbers but I think we may see a pullback down to the next strong support located around the 600 level.
Anyway, this is a simple idea, don't trade based on my imagination.
For traders, is it going to be the "red pill" or the "blue pill"??
If the ascending channel in orange holds, the there is nothing to worry. Otherwise, I don't like giving numbers but I think we may see a pullback down to the next strong support located around the 600 level.
Anyway, this is a simple idea, don't trade based on my imagination.
