ETH/USDT : S/R zones are important!

ETHUSDTPERPETHUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

ETH has formed, Also it has broken above the resistance zone ($1680 - $1700) Which has become an S/R zone now.
The momentum is locally bullish, But ETH has lost it'ss strength and besides that, BTC's Dominance is increasing!
However, the Bullish flag is a bullish pattern as it's clear just like what it's called.
So, If we get the break above the flag, Then We might see another to the $1818's S/R line.
But, there can be also a bear trap below the flag to the lower S/R zone to gather more liquidity to hunt!

If ETH loses the support at $1680, Then the deviation below $1640 is likely to happen and in any case of pullback, We'll take Long towards $1760 and $1818 again.

The deviation scenario will be valid till ETH breaks below the lower S/R zone ($1555 - $1570), In that case; I'll start to trade in range bounds again.

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Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
Helical_Trades