Could ETH hold the trend line or want to retrace some dipper?!
Salaam
Despite now seems a good buy opportunity, there is also a probability to break the trend line to the downside.
In this case, ETH could go as low as 1650 and even 1430!
(I've considered 1780 as a sign for the beginning of the bear market. Last day in 1800, there are many buyers!)
It depends on what the whales want to do.
Keep or lose it, the downside break will be only a fast spike.
(In crypto's charts, many patterns showed the inverse effects.)
Keep the trend line is more probable in my opinion.
On the other hand, if ETH breaks the upper trend line, it could go to 2400 and even 2800 in a few days.
If the daily candle closes above 2070, it will turn to support.
Since the new year, the market shows us very good that wants to get out high-leverage traders so trade with enough stop-losses if you want to remain in the market.
Good luck
Despite now seems a good buy opportunity, there is also a probability to break the trend line to the downside.
In this case, ETH could go as low as 1650 and even 1430!
(I've considered 1780 as a sign for the beginning of the bear market. Last day in 1800, there are many buyers!)
It depends on what the whales want to do.
Keep or lose it, the downside break will be only a fast spike.
(In crypto's charts, many patterns showed the inverse effects.)
Keep the trend line is more probable in my opinion.
On the other hand, if ETH breaks the upper trend line, it could go to 2400 and even 2800 in a few days.
If the daily candle closes above 2070, it will turn to support.
Since the new year, the market shows us very good that wants to get out high-leverage traders so trade with enough stop-losses if you want to remain in the market.
Good luck
Comment:
3d chart
Comment:
Daily chart
There is 2 parallel channel with a different colors.
There is 2 parallel channel with a different colors.