Arazmajeed

ETHUSD 4H : Support further rise

Long
Arazmajeed Updated   
EIGHTCAP:ETHUSD   Ethereum
ETHUSD

New forecast

The price of Ethereum (ETHUSD) confirmed the breach of the 1656 level, and is pushing upwards at the opening of the day to approach the 1694 level, providing signs of a trend towards achieving more expected gains during the coming period, noting that crossing the last level will push the price to 1735. As the next main target.

From here, the upward trend will be likely in the immediate term unless the 1656 level is broken and holds below it again.

The expect range trading for this week will be between resistance line 1735 and support line 1656 .

support line : 1666 , 1656
resistance line : 1694 , 1735

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:

ETHUSD

New forecast

The price perfectly fulfills my last idea and price reach to our targets .


The price of Ethereum rose sharply at the opening of the day to exceed the level of 1735 and reach the 1822 barrier, where it is trading below it now, opening the way for continuing the rise and achieving additional positive goals that begin with a break and stability above it at 1822 to reach 1885 and extend to 1943 after crossing the previous level. so it is possible to start a correction to the previous broken area and then rise up therefore the main condition to be continue at the bullish trend is stability above resistance 1822 and also above the bearish channel .

Therefore, the upward trend will remain dominant during the coming sessions, keeping in mind that stability above 1735 is important for the expected rise to continue.

The expect range trading for this week will be between resistance line 1885 and support line 1735 .

support line : 1773 , 1735
resistance line : 1822 , 1885

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️

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