Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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what i'm searching for ETH and why!?
As we know for ETH, we are clearly bearish from a long-term perspective
in addition, price got stuck inside this big range
So, for now what!?
For now, and as we are approaching our first rejection 1250, we will be searching for new shorts
For the bears to kick in we need a new swing low to form around the trendline then a break as shown in the picture
Until that happens, we can still trade higher till the next upper bound of the range and so on
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!