LegionQ8

Ethereum exit of triangle and can continnue move up

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price formed the seller zone, retested it and started falling and broke through the level 2020. Ethereum continued its decline, broke through the support level 1885, and traded lower for a while. Subsequently, the price increased, re-tested the resistance level and continued to fall. Over time, Ethereum created a downward triangle in which it traded for a long time. The price re-tested the support line and began to rise. After reaching the resistance line of the triangle, the price tested it, fell to the support line, from which it bounced, continued to rise and exit the triangle. Not long ago, the price broke through the 1885 level and is now trading above the current support level. Ethereum can make a downward correction, test the support level, and continue to grow. I think the price can continue to move up and reach resistance level. In this case, I decided to set the targets at level 1940 and at level 2020. Please share this idea with your friends and click Boost 🚀

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