Hi guys, today I want to present Ethereum analysis!
After the recent price correction that occurred as a result of the divergence, I now think there are three scenarios.
Scenario 1 (Yellow Path): In the same channel, It moves up and then breaks the channel with a slight correction and moves to the break of its latest ATH price and record a new ATH in the range of $ 2250 to $ 2300.
Scenario 2 (Green Path):It moves to the top of the channel and does not break it, then corrects to the bottom of the channel and then moves back to the new ATH.
Scenario 3 (Purple Path): Slight movement to the top of the channel and then correction to the bottom of the channel and after a minor correction the channel support line is broken and the medium-term downtrend begins
what is your opinion?
After the recent price correction that occurred as a result of the divergence, I now think there are three scenarios.
Scenario 1 (Yellow Path): In the same channel, It moves up and then breaks the channel with a slight correction and moves to the break of its latest ATH price and record a new ATH in the range of $ 2250 to $ 2300.
Scenario 2 (Green Path):It moves to the top of the channel and does not break it, then corrects to the bottom of the channel and then moves back to the new ATH.
Scenario 3 (Purple Path): Slight movement to the top of the channel and then correction to the bottom of the channel and after a minor correction the channel support line is broken and the medium-term downtrend begins
what is your opinion?
Comment:
Green way is true!