ETHEREUM - Price can reach resistance level in rising channel
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades inside wedge, where it at once made a downward impulse to support line, breaking $3355 level.
When price reached support line of wedge, ETH bounced up and some time traded near $3000 level, which coincided with support area.
Later Ethereum reached resistance line of wedge again and then made a downward impulse, exiting from this pattern.
Also, price broke $3000 level, but soon turned around and started to grow in the rising channel, where soon broke this level again.
Now, I think Ethereum can bounce up from support line of a channel to $3355 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to trades inside wedge, where it at once made a downward impulse to support line, breaking $3355 level.
When price reached support line of wedge, ETH bounced up and some time traded near $3000 level, which coincided with support area.
Later Ethereum reached resistance line of wedge again and then made a downward impulse, exiting from this pattern.
Also, price broke $3000 level, but soon turned around and started to grow in the rising channel, where soon broke this level again.
Now, I think Ethereum can bounce up from support line of a channel to $3355 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️