LegionQ8

Ethereum can rise to resistance line and try to break it

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see how the price some time ago bounced from the support line and made a strong impulse higher of the 1845 support level, thereby breaking it. After this price made a correction to the support area, and then rebounded up to the 1965 resistance level, which coincided with the seller zone. Then ETH rolled back to the support level, but at once bounced and rose to the resistance line, breaking the resistance level. after this movement, prices started to decline and soon fell below the 1965 resistance level to the support level, thereby making a fake breakout and forming a pennant pattern. Also, ETH declined more to support area, which is coincide with the support line, but in a short time back up and now trades near the 1845 support level. In my mind, Ethereum can decline to the support line again and then bounce to the resistance line. Then price and break this line and make a retest, or it at once continues to move up without retest. Therefore I set up my target at the 1910 level. Please share this idea with your friends and click Boost 🚀

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