ETHEREUM/USDT/BINANCE/15M
In this time frame, the price is moving in the orbit of an upward trend line and has met resistance in the range of $1228 and formed a double top pattern.
The data is a kind of bearish pattern and it is possible that the price will fall to the range of $1207 and if it can break the support range of its trend line downwards, we will see a further fall to the range of 0.5 and 0.618 Fibonacci. Against this background, with the entry of high volume of purchases and crossing the resistance range of $1228, we will see the price rise up to the range of $1247.
Support range: 1207-1200-1193
Resistance range: 1228-1238-1247
The data is a kind of bearish pattern and it is possible that the price will fall to the range of $1207 and if it can break the support range of its trend line downwards, we will see a further fall to the range of 0.5 and 0.618 Fibonacci. Against this background, with the entry of high volume of purchases and crossing the resistance range of $1228, we will see the price rise up to the range of $1247.
Support range: 1207-1200-1193
Resistance range: 1228-1238-1247
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.