ETH Daily Chart Review

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello Traders,

After the goals we have given for ETH, let's do a new daily chart review. I am adding below the graph I have given before for your review.

When we examine the new daily chart , we can say that it still exhibits BTC-related movements like many crypto-currencies. It is possible to see the powerful trend lines that we have shown in red lines in the graphic that we have drawn in a slightly simpler and clearer way. The downward slashing of this narrowed line can carry us to the level of support I have shown green. Again, an upturn in the upward direction may lead us to the level of resistance I have shown with the blue line. For now, let's see which way this move will break.

The technical information I give received is for educational purposes only.


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.