[ETHUSD] TECHNICAL STRUCTURE

No change from our point of view, as long as the pair remains above 906 support, the trend remains bullish. That said, our analysis and setup seem to be correct and our idea (awaiting confirmation) is that the pair could develop a bearish impulsive structure (i-ii-iii-iv-v). If you have taken a short position around 970 you can easily manage it (stop loss to breakeven, for example). With this in mind, today’s session will really be very important, and from tomorrow any doubt will become certainty, for both directions.

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The pair, after reaching our resistance at 950, has triggered a perfect pullback as expected by us, and at this moment, it is working an important support around 929.

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We have reached our first target!

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TARGET 2 HIT!

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TARGET 3 HIT!

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Harmonic still in play....

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to be continue...