EthereumShort
Possible correction of ETH /USD after pull back 240
Hello traders, ETH / USD has just broken out its bullish channel with a retest of its resistance but is failing to really break the downtrend line which is also resistance.
Strong potential to pull back on the top of the channel boundary, the refusal of the price seems to block on this level therefore the first objective will tighten the penultimate support or the price to be hit.
The resistance can be a failure, if this occurs it will seek the last rectangle support zone (yellow violet).
Then then the lower band of the bullish channel see an attempt on the uptrend line as a last resort.
This is not investment advice but a usage recommendation.
Thank you for taking the time to read my analysis.
I hope you will have liked it.
Comment on your ideas in the space dedicated to the description.
Please LIKE & FOLLOW, thank you!
Strong potential to pull back on the top of the channel boundary, the refusal of the price seems to block on this level therefore the first objective will tighten the penultimate support or the price to be hit.
The resistance can be a failure, if this occurs it will seek the last rectangle support zone (yellow violet).
Then then the lower band of the bullish channel see an attempt on the uptrend line as a last resort.
This is not investment advice but a usage recommendation.
Thank you for taking the time to read my analysis.
I hope you will have liked it.
Comment on your ideas in the space dedicated to the description.
Please LIKE & FOLLOW, thank you!
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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.
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.