parissap

ETH broke out short term resistance

BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
#ETHUSDT
$ETH broke out from short term descending resistance line, and now try to confirm it as support. also this a support zone between 0.5 and 0.618 fib of last swing down, that if price hold above it, then can head up and break the resistance of $3900 and go up toward $4100, $4200 or more prices.
in down trend if price loose the current support and break below 0.5 fib level, next support zone is around $3600.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.