ETHUSDT: Correction and recovery
Hello dear friends!
ETHUSDT is operating well in its upward channel. It is currently trading at a high of $3619, after hitting $3680, marking a 0.91% gain on the day.
In the short term, ETHUSDT will likely still struggle from the $3650 resistance level. However, the technical outlook remains bullish and somewhat reinforces the continued upward trend.
I expect, ETHUSDT will retrace to test the ascending channel of the rising triangle with strong support from the 3500 USD area. A break below this level will result in a significant price decline while a sustainment will result in an increase in price. It is expected that the price will recover after this correction, my target is 3900 USD.
ETHUSDT is operating well in its upward channel. It is currently trading at a high of $3619, after hitting $3680, marking a 0.91% gain on the day.
In the short term, ETHUSDT will likely still struggle from the $3650 resistance level. However, the technical outlook remains bullish and somewhat reinforces the continued upward trend.
I expect, ETHUSDT will retrace to test the ascending channel of the rising triangle with strong support from the 3500 USD area. A break below this level will result in a significant price decline while a sustainment will result in an increase in price. It is expected that the price will recover after this correction, my target is 3900 USD.
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Trade closed: target reached:
Set a temporary sales target. Currently, prices are increasing as expected. Good strategy, thanks for following
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