BINANCE:ETHUSDT   Ethereum / TetherUS
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HORIZONTAL SUPPORT AND RISING TREND GIVES ETHUSD A BULLISH BIAS.

Price is tucked at the bottom of the rising trend channel here, and we have had a series of small candles in this zone. There is also a historical historical support here, which is a nice confluence factor.

Volume is settling down now, and the bearish divergence has probably played out now - however we do need to keep watch for a hidden bear is price recovers too quickly without volume support.

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Comments

excellent technical write-up and chart. well done.
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