**ETH UPDATE**: CMP IS 3500, SMALL BLUE LINE IS ACT AS SUPPORT AND THIS BLUE LINE ACTING AS PREVIOUS RESISTANCE AS SHOW IN IMAGE.
MARKET STRONGLY FALL AND 50MA ACT AS STRONG SUPPORT AND MARKET BOUNCE FROM 50MA BUT MARKET CANDLE CLOSED ABOVE RESISTANCE IS A GOOD SIGN.
SO THE 1ST SCENARIO IS THAT WHEN MARKET SPEND TIME ABOVE SUPPORT AND MAKE ANY BUYING OPPRTUNITY THEN WE CAN SEE $4000 AGAIN.
2NS SCENARIO IS WHEN MARKET FALL AGAIN AND CLOSED BELOW SUPPORT NEAR TO $3250 THE WE CAN SEE NEXT SUPPORT AT $2900.
200MA IS ALSO STRONG SUPPORT FOR ETH.
PREVIOUS : btc trading in descending triangle when triangle break up side then we expect rally in upside and when market break downside we expect rally in down side
MARKET STRONGLY FALL AND 50MA ACT AS STRONG SUPPORT AND MARKET BOUNCE FROM 50MA BUT MARKET CANDLE CLOSED ABOVE RESISTANCE IS A GOOD SIGN.
SO THE 1ST SCENARIO IS THAT WHEN MARKET SPEND TIME ABOVE SUPPORT AND MAKE ANY BUYING OPPRTUNITY THEN WE CAN SEE $4000 AGAIN.
2NS SCENARIO IS WHEN MARKET FALL AGAIN AND CLOSED BELOW SUPPORT NEAR TO $3250 THE WE CAN SEE NEXT SUPPORT AT $2900.
200MA IS ALSO STRONG SUPPORT FOR ETH.
PREVIOUS : btc trading in descending triangle when triangle break up side then we expect rally in upside and when market break downside we expect rally in down side
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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.