Solldy

ETHUSD ❗ Price Continues to MOVE in CHANNEL 💰

Short
BITSTAMP:ETHUSD   Ethereum
Hello friends!
Well, our weekend is coming to an end! I hope they were profitable and good for you!

As we can see, the price continues to move in the channel. Notice how strongly the channel lines push the price away. There was almost never a false breakout. The price quickly follows the channel direction and listens to it. On February 7, the price bounced off the lower channel line and began its rapid upward growth. I think this is a good sign for today's idea.

Today I expect that the price will continue to rise towards the high of the channel line, as the lower line always pushes the price away. After that, the price will also bounce off the upper channel line and begin its rapid decline. This is a good selling opportunity.📉

Do you agree?)

Your Solldy.
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.