Plethron

Ethereum moving within channel on hourly chart

BINANCE:ETHUSD   Ethereum / U.S. Dollar
Ciao Traders,

As in the chart we can see Ethereum is moving within the marked channel, if we break south the next support is 215USD level as 200SMA hourly, in case of strong break the next support will be 175USD level as 50SMA daily, breaking on the upside will lead us to the recent highs.
Wait for action next to the bounderies of this channel.
Trade active: Bounced off low trendline
Trade active: Touching resistance
Trade active: Moving up
Trade active: Bouncing from support again
Trade closed: target reached: Broke channel to the upside
New channel must be defined as per price action
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