ETHUSD is sandwiched between the 1220-1171 zones. Loyal breakdowns on both sides and a return of the price to the retest of resistance. The key level for the price is 1220, further direction of movement depends on it
We see the formation of downward resistance from the peak of the first correction in early November. The price has been testing this area many times, fixing and pointing us to the resistance. After another retest of the 1073 low, Ethereum is strengthening by almost 15% and is almost sticking to this zone.
To sell (priority): Price could test downside resistance. 1208-1215 zone. If price returns under these levels, expect a pullback towards 1171, 1136
For buying. Key level is 1220. The price should break through the level upwards and consolidate. The subsequent growth from the level of 1220 upwards may provoke the increase in volume and the formation of an upward impulse towards 1250, 1289 up to the global resistance of November 2021.
Regards R. Linda!
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ETHUSD +6%.
Everything is fine. The price breaks through the resistance and forms an awesome momentum towards 1289. The momentum is almost 6.62%
@RLinda, Breaking down from the channel will invalidate the H&S and give us a bearish broadening cone and confirm the the N wave ABCD, what do you think?
anyalove
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Thanks for this pretty ETH chart
ProjectSyndicate
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always spot on sharp technicals
Cybernetics_tl
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we are still looking for a long bias setup, actually in a really interesting conditions, we will see during the upcoming weeks !
KlejdiCuni
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Well done mate! The area that you have pointed out looks very strong.
UnknownUnicorn31900754
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Our systems are pointing at ETH at $1380 in the next 48 hours.