Get started
GaliortiTrading

[EN] ETHUSDT at $430 by the end of 2024? // GaliortiTrading

Short
Ethereum / TetherUS (BINANCE:ETHUSDT)  
GaliortiTrading  
BINANCE:ETHUSDT   Ethereum / TetherUS
Trend Analysis Chart Patterns ETHUSDT ethusdtshort ethusdtsignal ethusdtanalysis
1
0
trendanalysis chartpattern ethusdt ethusdtshort ethusdtsignal ethusdtanalysis
ETHUSDT starts to break through the lower zone of a symmetrical triangular figure originated in 2022. If fulfilled, its potential target would be $430.

snapshot
ETHUSDT 1W

On the daily chart ETH is immersed in a sideways for two months. It has lost its 200 average and also its medium-term bullish trendline. It would be logical that in the short term it would make a pull-back to it. However, if it does not overcome it, it would test the floor of its current sideways channel, which could trigger a double top. The target level would be $1,345.

snapshot
ETHUSDT 1W

All this would lead to the loss of the $1,450 support, which would lead to strong bearish pressures in the medium term. It should be borne in mind that the vertical rise experienced by the stock in January 2021 would facilitate the fall in prices (as it is a low liquidity range).

Pablo G


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.