* The below ascending trendline is acting as a important support for ETHBTC. Every time the price tests the trendline it bounces back creating a new higher-high.
* Now if the price gains support and creates a strong rejection candle on the trendline we can again see a pull back till the given Fib levels
* If price moves below the trendline it can drop till Support 1 and Support 2.
* Now if the price gains support and creates a strong rejection candle on the trendline we can again see a pull back till the given Fib levels
* If price moves below the trendline it can drop till Support 1 and Support 2.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.