MMBTtrader

ETHUSD price retest broken trendline and can fall more

BITSTAMP:ETHUSD   Ethereum
As we can see price broke trendline support and here we had retest and price is dumping now from the broken trendline and that means trendline is now local resistance and this is also retest of breakout too and market can fall hard if previous daily low here break.

we can expect a range market and local rise too (all mentioned on the chart).

Notice: 3600$--3700$ is strong support for price now that is still valid.

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