WalterMoon

ETHEREUM - Price can make small movement down and then bounce up

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊

Some days ago price traded inside flat, which coincided with $1855 resistance level with resistance zone.

But after price rose higher this level, it at once bounced down and made strong downward impulse below $1640 level.

Also, ETH exited from flat and entered to triangle, where price bounced from support line and rose to resistance line.

After this, price at once bounced down and declined below $1640 level again and later exited from triangle.

Next, price tried to rise close to support line, but failed and declined below this line, thereby breaking it.

Now possibly ETH can decline a little more and then bounce up to $1640 resistance level.

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