Ethereum can turn the Trend of Market | $100 or $200
Support of Bear Flag ( $146-140 ) is a crucial price level which decides the Fortune of Crypto Market especially Alts.
This Support is coincided by 0.5-0.618 Fibonacci Retracement.
Previous Leg in the Channel was retraced from the same Fib Zone.
If price action holds this support then we are good to hit $155-160, but Breaking of Blue Trendline would trigger a extreme Target $200+
If Price action breaks out from the Support Zone then we should definitely see $120-$100 again.
How To Trade
Open a Long from $146-$140 with Stop Loss at 133.25
If Breakout of Support, Short the Pullback
Open a Short from $138-$140 with Stop Loss at $148
This Support is coincided by 0.5-0.618 Fibonacci Retracement.
Previous Leg in the Channel was retraced from the same Fib Zone.
If price action holds this support then we are good to hit $155-160, but Breaking of Blue Trendline would trigger a extreme Target $200+
If Price action breaks out from the Support Zone then we should definitely see $120-$100 again.
How To Trade
Open a Long from $146-$140 with Stop Loss at 133.25
If Breakout of Support, Short the Pullback
Open a Short from $138-$140 with Stop Loss at $148
