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jumperstars
Dec 22, 2020 11:08 AM

#ETH #Ethereum #Analysis for next hours Long

Ethereum / TetherUSBinance

Description

After breaking the S / R level, returning to the bullish triangle from the previous move, it has entered a descending channel.

According to market sentiment, we could see a breakdown of the channel to the upside until it reaches the S / R $ 630 level again.

In the case of continuing in the descending channel, it could find the dynamic support of the triangle and bounce upwards. As always, a stronger correction could occur, although we believe this is unlikely under current conditions.

The decline in the market of previous hours, we do not believe that it is a downtrend, but we feel that it is a natural correction to continue the uptrend.
Comments
InkyGrip
nice setup my friend 💥🦐🌈
jumperstars
@plancton0618, thank you! :)
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