ETHEREUM / USDT D
As you can see, the rising trend of currency prices in the last month has been able to break the ceiling of its life channel and has managed to set a new record in prices.
But it has not been able to cross the 2000 mark, and this has caused it to fall to the 1400 mark, which is the ceiling of the currency life channel, which has become a strong support here.
Now he is trying to return to the 2000 range again and different scenarios are waiting for him.
1- Breaking the 2000 official range and reaching the 2500 range
2- Creating a neutral trend between the range of 2000 and 1400
3- By hitting the 2000 range and falling again, the market will notice the double-top pattern and intend to complete the trend, in which case breaking the 1400 range will reach the 1000 range and we will have a price drop.
As you can see, the rising trend of currency prices in the last month has been able to break the ceiling of its life channel and has managed to set a new record in prices.
But it has not been able to cross the 2000 mark, and this has caused it to fall to the 1400 mark, which is the ceiling of the currency life channel, which has become a strong support here.
Now he is trying to return to the 2000 range again and different scenarios are waiting for him.
1- Breaking the 2000 official range and reaching the 2500 range
2- Creating a neutral trend between the range of 2000 and 1400
3- By hitting the 2000 range and falling again, the market will notice the double-top pattern and intend to complete the trend, in which case breaking the 1400 range will reach the 1000 range and we will have a price drop.