🏃♂️Ethereum has been moving in an Ascending Channel for over a year.
🏃♂️At the moment, Ethereum is moving near the 🔴Heavy Resistance zone($3,580_$2,960)🔴 and the upper line of the ascending channel, which we can see the reaction to this zone well in the daily candle.
💡Also, between two consecutive peaks, the Regular Divergence(RD-) between Volume and Price is clearly visible.
💡Since the Market Cap USDT Dominance% (USDT.D%) is moving in the 🟢Heavy Support zone(5.35%-4.90%)🟢 and has shown a good reaction to the Support lines and there is a Regular Divergence(RD-) between two successive valleys, it is expected that the USDT.D% will increase at least up to the Resistance line, which can help to correction on most of the tokens.
🔔I expect Ethereum to decrease at least to the Uptrend line and if this line breaks, it can also fall to the 🟢Heavy Support zone($2,160_$1,720)🟢, otherwise it will attack the 🔴Heavy Resistance zone($3,580_$2,960)🔴 again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🏃♂️At the moment, Ethereum is moving near the 🔴Heavy Resistance zone($3,580_$2,960)🔴 and the upper line of the ascending channel, which we can see the reaction to this zone well in the daily candle.
💡Also, between two consecutive peaks, the Regular Divergence(RD-) between Volume and Price is clearly visible.
💡Since the Market Cap USDT Dominance% (USDT.D%) is moving in the 🟢Heavy Support zone(5.35%-4.90%)🟢 and has shown a good reaction to the Support lines and there is a Regular Divergence(RD-) between two successive valleys, it is expected that the USDT.D% will increase at least up to the Resistance line, which can help to correction on most of the tokens.
🔔I expect Ethereum to decrease at least to the Uptrend line and if this line breaks, it can also fall to the 🟢Heavy Support zone($2,160_$1,720)🟢, otherwise it will attack the 🔴Heavy Resistance zone($3,580_$2,960)🔴 again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment:
Still valid,