LegionQ8

Ethereum can correct to support area and then continue to rise

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some days ago started to trades in an upward channel, where soon ETH reached and broke the 2905 support level, which coincided with the buyer zone. After this, the price some time traded near this level and later tried to rise, but failed and made little correction, after which it finally rebounded up from the support line of the channel. In a short time later ETH reached current support level, which coincided with the support area, and soon broke it too. Then price continued to rise and reached the resistance line of the channel, but at once, the price turned around and declined to the 3300 support level. As well recently, the price rebounded from this level and started to grow, and now it continues to rise near the support area. For this case, I think Ethereum can correct to the support area, and then continue to rise to the resistance line of the upward channel. Therefore I set my target at the 3570 level, which coincided with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀

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