Hello, traders welcome you all to another chart update on ETH/USDT.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
After a quick meltdown, ETH reversed well and regained above by 12%.
In the current scenario, ETH broke the falling expanding channel and currently moving down to retest the upper trend line.
After a retest, it is highly likely to bounce above the price level of $1200 and more.
ETH needs to hold the $1080 price level to regain above, a candle close below will lead ETH again to its lower green support.
MACD is also about to print some red bars which is the indication of some consolidation here.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
After a quick meltdown, ETH reversed well and regained above by 12%.
In the current scenario, ETH broke the falling expanding channel and currently moving down to retest the upper trend line.
After a retest, it is highly likely to bounce above the price level of $1200 and more.
ETH needs to hold the $1080 price level to regain above, a candle close below will lead ETH again to its lower green support.
MACD is also about to print some red bars which is the indication of some consolidation here.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Trade active:
Till now played out perfectly not it could break above this upper trend line resistance to rally above, rejection lead again towards the lower price levels.
Till now played out perfectly not it could break above this upper trend line resistance to rally above, rejection lead again towards the lower price levels.
