Hello, community members welcome to another ETH/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see from the above-mentioned chat that ETH is currently trading inside a falling expanding channel and bounced right from the lower trend line support where ETH also had a support zone.
ETH bounced from the support zone after printing another low of $880.
Till now BTC pumped almost 30% from the new lowest level.
Now, in the current scenario ETH heading towards its resistance level which is $1200.
Let’s see how it performs near its resistance zone, a rejection will lead again to touch its new low, and a break above will lead towards the price level of $1800.
Here RSI following the lower trend line well and MACD currently printing a bullish cross but a bearish cross-over are likely in the upcoming days.
IMHO, we should wait for the right time to enter any trades because many ALT are already pumped way high so we should take trades on confirmations.
Here we should wait for a break above this red resistance zone to enter.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see from the above-mentioned chat that ETH is currently trading inside a falling expanding channel and bounced right from the lower trend line support where ETH also had a support zone.
ETH bounced from the support zone after printing another low of $880.
Till now BTC pumped almost 30% from the new lowest level.
Now, in the current scenario ETH heading towards its resistance level which is $1200.
Let’s see how it performs near its resistance zone, a rejection will lead again to touch its new low, and a break above will lead towards the price level of $1800.
Here RSI following the lower trend line well and MACD currently printing a bullish cross but a bearish cross-over are likely in the upcoming days.
IMHO, we should wait for the right time to enter any trades because many ALT are already pumped way high so we should take trades on confirmations.
Here we should wait for a break above this red resistance zone to enter.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
