Harmonic Pattern- Bullish AB=CD Pattern
Potential Reversal Zone (PRZ)- $3000
Oscillators and moving averages to forecast the trend of ETHUSD
CMP- $3330
EMA (4-hour chart)
55-EMA- $3787
200-EMA- $3990
365-EMA- $4044. The pair trades below short and long-term moving averages.
Major Support - $3000. Any breach below $3000 will drag the pair down to $2740/$2500/$2000.
Major Resistance - $3500. Any break above $3500 confirms minor bullishness, a jump to $3770/$4000/$4300/ $4500/$4770/ $5000/$5263.
Indicators (4-hour chart)
CCI(50)- Bearish
ADX- Bearish
5. Investment Strategy for ETHUSD
It is good to buy on dips around $3200 with a stop loss around $2740 for target profits of $5000/$5260.


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