TradingView
YMGroup
Dec 4, 2022 12:02 PM

Ethereum can bounce of support line and grow Long

Ethereum / Tether USWhiteBIT

Description

Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.

Today, I want to talk to you about the ETH/USDT chart.

On the chart, we see how Ethereum moves in the upward local trend.

We can see how recently price has bounced off the resistance zone and dropped to the support line.

Ethereum is now trading over the support line, but can go down and test it.

I expect that after a possible retest, the price can bounce off the support line and start to rise.

Therefore, I set a goal for Ethereum in the zone 1295-1305.

This is my opinion, I really hope it will be useful for you.
Comments
Lekis
Beauty and neat chart!
anyalove
Agree! thank you
ProjectSyndicate
appreciate your timely update today
ProSignalsFx
Noted bro, lets see how it goes!
TopTradingSignals
Appreciate!
VasilyTrader
Thank you for the detailed review.
UnitedSignals
I have a different view sir
AtlasTrades
thx bud :) absolutely agree with your opinion about eth
AnabelSignals
Good trading idea, pal!
Michael_Winner
Thank you for this eth idea! Have a big potential
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