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MonoCoinSignal
Nov 12, 2022 1:52 PM

Will the ceiling of the descending channel be broken?! 

Ethereum / TetherUSBinance

Description

Ethereum was in a range trend yesterday, and its price range was between $1,200 and $1,350. We can consider a descending channel in the one-hour time frame. The $1,200 support is still considered a reversal zone on the 15-minute time frame. Therefore, breaking this range can lead to a further decrease in the price of Ethereum. But if the ceiling of the descending channel is broken, Ethereum can grow to the resistance range of $1,350 and $1,400; the resistance of $1,400 is likely to overlap with the article of 20% dominance of Ethereum and can be accompanied by a reaction.
Comments
JoeChampion
Perfect view!
SwallowPremium
Great insight, keep them coming!
ProSignalsFx
100% agree with you mate!
TopTradingSignals
Cheers!
Solldy
Very good charting. Thank you for sharing this great idea!
UnknownUnicorn15614419
Great idea, first time I've seen it, but I've seen some points in similar ideas. Making your charts reminds me of something. I wonder if you take cluster analysis into account when writing your idea.
Michael_Winner
Beautiful ethusdt idea mate. Thank you!
UnitedSignals
Thank you for your analysis!
Adrian67lov
Ty mono
abbas78doha
Good update ✌🏻
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