Hello, traders welcome you all to another chart update on ETH/USDT.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
As we can see in the above-mentioned chart that ETH broke below earlier and meltdown by 7%.
In the current scenario ETH is currently holding a green support zone well after a sharp wick off of 5%, the longer it holds this level the higher chances to regain above.
MACD also printed a bullish cross-over with slightly light red bars, which is the indication of a trend reversal from bear to bullish mode.
Candle close above the $1100 price level will trigger bullish mode towards the price level of $1260.
Candle close below the current support zone will lead ETH towards its lower price levels.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
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.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
As we can see in the above-mentioned chart that ETH broke below earlier and meltdown by 7%.
In the current scenario ETH is currently holding a green support zone well after a sharp wick off of 5%, the longer it holds this level the higher chances to regain above.
MACD also printed a bullish cross-over with slightly light red bars, which is the indication of a trend reversal from bear to bullish mode.
Candle close above the $1100 price level will trigger bullish mode towards the price level of $1260.
Candle close below the current support zone will lead ETH towards its lower price levels.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
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.
