*** ***
For this particular analysis on the Ethereum we are using the ETHUSDT symbol on the OKX exchange .
*** ***
The idea is on the 1D time-frame where ETH is shown trading within its long-term Channel Down since the November 10 2021 All Time High (ATH), practically the pattern that has been dictating the whole Bear Cycle.
The importance of the...
After hitting the daily resistance, and also ending the trend in the daily time period, we see the price hitting the floor of the channel of the 1-hour time frame, more than 2 times.
After breaking the lower support line of the channel, a drop with price targets up to $1,500 can be expected.
In the 4-hour time frame, the bottom of the major ascending channel is in...
*** ***
For this particular analysis on Ethereum we are using the ETHUSDT symbol on the KuCoin exchange.
*** ***
The idea is on both the 1D and 4H time-frames where ETH recently broke above a 3 week bearish pattern and turned sideways. This consolidation is more accurately depicted on the 1D time-frame (chart on the left) where you can see the price trading...
