LegionQ8

Ethereum can little correct and then bounce up to 2280

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price a few moments ago price started to trades in a triangle, where it first rebounded from the resistance line and made a strong downward impulse to the support line, breaking the 2300 and 2180 levels. But then, the price rebounded from this line and made impulse up to the resistance line, thereby breaking the support level, which coincided with the buyer zone. In a short time, ETH exited from the triangle and later rose higher than the resistance level, which coincided with the seller zone. After this, the price started to decline in a downward channel, where it in a short time declined below the 2300 level, breaking it again and fell to the support line of the channel. And recently it bounced from this line and at the moment price trades continue to decline in the channel. So, I think that Ethereum can decline a little more and then start to rise to the resistance line of the downward channel. For this case, I set my target at the 2280 level. Please share this idea with your friends and click Boost 🚀
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