ETH / USDT bullish reversal, at resistance
Bullish and incredible reversal for ETH/ USDT pair (and the market as a whole of course).
I expect the market to be expectedly rejected at this resistance to set itself up for another retest and eventual break out, followed by a dip to re-establish the resistance as support to lead to higher lows/ higher highs.
The past few days have been a good indication of a potential reversal and return to a "bullish trend"--- keep in mind you need to see follow thru days especially during a week like this, to establish higher lows and higher highs, and turn previous resistance into new support (after break outs and retests).
I am currently not trading this market yet, I have been sitting out this bear cycle but I am now paying attention to this reversal and considering promising entry points at future break outs.
I expect the market to be expectedly rejected at this resistance to set itself up for another retest and eventual break out, followed by a dip to re-establish the resistance as support to lead to higher lows/ higher highs.
The past few days have been a good indication of a potential reversal and return to a "bullish trend"--- keep in mind you need to see follow thru days especially during a week like this, to establish higher lows and higher highs, and turn previous resistance into new support (after break outs and retests).
I am currently not trading this market yet, I have been sitting out this bear cycle but I am now paying attention to this reversal and considering promising entry points at future break outs.
@eddietradezz
