ETH 1h was dropping slowly inside a channel, this is a bullish channel, short term target 328.
Comment:
ETH broke out from the upside of the channel finally. If someone don't know what is a bullish channel is, I can explain it more:
In the channel, price was dropping slowing, because the power of sellers was still greater than some of the smart buyers. As the number of smart buyers was still small, the resulting force would project a downward trend with a clear channel until the power of sellers exhausted.
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In the channel, price was dropping slowing, because the power of sellers was still greater than some of the smart buyers. As the number of smart buyers was still small, the resulting force would project a downward trend with a clear channel until the power of sellers exhausted.