Good evening friends.
I would like to introduce you to my first post on Trading view,i'm honored for your time reading and responding to it.
1.a. The ETH/EUR price is on an uptrend since January 2021,as we can see from the uptrend higher lows row,which acts as a level of support.
1.b. Alongside the longterm uptrend line,the 200SMA supports the uptrend by keeping it above him,giving extra evidence about the uptrend.
2.a. As we go on,i witness a recent a key level of support at 2.020,00€ that has been tested 3 times.Afterwards we see a shorterm decline starting at november,the same decline that bothers most of the crypto's
due their correlation.This 50% drop on price may be a correction on the longterm uptrend,similar to the 60% correction that occured around last years May. Ending my analysis,this is the first time the price breaks
through the 200SMA and and later finds resistance on it driving it downwards even more.
Thank you for your time reading my article,im honored by all.Good day!
Beware! This is not any kind of financial or trading advice!
- BITPANDAPRO:ETHEUR