Bullish analysis projected for the next moments in ETHUSDT 4H
Technical analysis regarding the price of ETHEREUM in relation of dollar Tether for the next scenarios, based on 4h movement.
The price has been moving in this strong upward trend, making its corrections. Note that there is a very relevant and significant resistance region right after. The price respected this support region that was formed and is moving sideways (accumulation) towards this upward trend line. I believe that the price may break this resistance and continue with its main trend, as it is forming funds/upside tops near this region of resistance.
Note that the price is being driven by the 34-period EMA.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
The price has been moving in this strong upward trend, making its corrections. Note that there is a very relevant and significant resistance region right after. The price respected this support region that was formed and is moving sideways (accumulation) towards this upward trend line. I believe that the price may break this resistance and continue with its main trend, as it is forming funds/upside tops near this region of resistance.
Note that the price is being driven by the 34-period EMA.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
