Hello, traders welcome to another ETH/USDT chart update.
As we can see in the above, mentioned chart, if we consider parallel Chanel then it is Clear evident that ETH is again rejected from the upper resistance level and lost almost 9%.
ETH is currently at the price level of $1846 itv needs to hold the mid-trend line support for some hope.
If it breaks below and closes then ETH can move downside all the way towards the Howard trend line support at the price level of $1680. 1o min left for a candle close.
IMHO, we should avoid long trades and wait for a candle close and if holding any, keep your stop losses (SL) tight.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can see in the above, mentioned chart, if we consider parallel Chanel then it is Clear evident that ETH is again rejected from the upper resistance level and lost almost 9%.
ETH is currently at the price level of $1846 itv needs to hold the mid-trend line support for some hope.
If it breaks below and closes then ETH can move downside all the way towards the Howard trend line support at the price level of $1680. 1o min left for a candle close.
IMHO, we should avoid long trades and wait for a candle close and if holding any, keep your stop losses (SL) tight.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
