ETHUSDT→ at the bottom!

hello guys...

as you can see, this coin is in the bottom line of the broken ascending channel and the descending channel at the same time!

it is a great chance for the price to start another upward movement! but if the orange area is broken up.

so you can put a stop limit order for a long position that if the price engulfs the 3305 area then your long position will be active!

but if the orange area will not break then the price will break down the ascending channel to reach the 2540$ area!

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Comment:

if the price goes higher than 3305$ it will be bullish again!
otherwise, the target of a short position is 2531$

Comment:

touched the orange area but it didn’t engulf it

Comment:

the internal trendline broke up!
follow the wedge pattern and get the position aligned with the line break!

Comment:

the wedge broke down!

target= 3096