#ETHUSDT: Will we keep falling?
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it a financial
On the chart we can see the descending channel, in which the price broke through upwards for the first time and is trying to consolidate above the level, earlier this boundary was worked out by the price very clearly and the price reacted strongly to it.
We can see that there is a battle for the side in the 1500-1600 area, either the bears or the bulls.
My guess is that the bears may prevail and bring the price back under the 1438 level, as there are no hints that the price will rise yet. The short-term target is support at 1438 and the medium-term target is the border of the lower range at 1264.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it a financial
On the chart we can see the descending channel, in which the price broke through upwards for the first time and is trying to consolidate above the level, earlier this boundary was worked out by the price very clearly and the price reacted strongly to it.
We can see that there is a battle for the side in the 1500-1600 area, either the bears or the bulls.
My guess is that the bears may prevail and bring the price back under the 1438 level, as there are no hints that the price will rise yet. The short-term target is support at 1438 and the medium-term target is the border of the lower range at 1264.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#ETH UPDATE
ETH bounced from the $1420 support and currently, it is facing $1465 as resistance we are still expecting a drop from here but in case a successful breakout of the resistance would be a bullish sign.