Chibuike_Odoh

ETHUSDT - Possible price actions

BINANCE:ETHUSDT   Ethereum / TetherUS
ANALYSIS 🔎
- ETHUSDT is printing an ascending channel .
- Price is retracing to the ascending channel support.
- The price retracement is resisted by a descending trendline resistance.

POSSIBLE PRICE ACTIONS 📉📈
- Uptrend continuation ⬆️: breakout above the descending trendline resistance.
- Correction ⬇️: breakdown below the ascending channel support.

TARGETS 🎯
- Uptrend continuation ⬆️: Horizontal resistance level (R1), ascending channel resistance.
- Correction ⬇️: Horizontal support levels (S1, S2).