Welcome to this quick chart analysis, if you find this helpful hit the like button and share your views in the comment section.
Hello, traders according to my previous chart ETH performed well and moved upside by 20%.
In the current scenario, ETH broke above the falling expanding channel.
Here ETH is retesting the upper trend line support and a bounce above is likely in the upcoming hours.
Red MA is also reacting as a strong resistance which ETH needs to break and retest for upcoming price build-up.
If ETH moves back inside the channel then this char will be invalidated.
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 OWN RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Hello, traders according to my previous chart ETH performed well and moved upside by 20%.
In the current scenario, ETH broke above the falling expanding channel.
Here ETH is retesting the upper trend line support and a bounce above is likely in the upcoming hours.
Red MA is also reacting as a strong resistance which ETH needs to break and retest for upcoming price build-up.
If ETH moves back inside the channel then this char will be invalidated.
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 OWN RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
