LegionQ8

Eth trades in symmetrical triangle and can fall to support line

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. Looking at the graph, we can see how the price began to decline after the fake breakthrough of the resistance area 1875-1880. Ethereum broke through the level 1835 and continued to fall. The price reached the support level 1785, broke through it after a small correction and traded lower for a while time. After a retest of the support line, Ethereum began to move up. Over time, the price has created a symmetrical triangle and is now trading in the within. After retesting the resistance level 1835, the price began to decline, broke through the support level, and made a fake breakthrough of the support line of triangle. Not long ago, Ethereum grew, reached the resistance line of the triangle, tested it again and continued to decline. Currently, the price has made an upward correction and after a retest, the support line can continue to fall. Ethereum can to decline and reach the support line, so I decided to set the targets at level 1805 and at level 1795, which coincide with the support line of the triangle. Please share this idea with your friends and click Boost 🚀

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