ETHEREUM - Price can bounce up from support area to $1620
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price started to grow inside rising channel, where it reached $1660 resistance level, which coincides with resistance zone.
Then ETH made strong downward impulse to support area, thereby exiting from channel and breaking $1575 level.
After this, price entered to triangle, in which ETH made a strong upward impulse to resistance line.
But soon, price started to decline and in a short time it fell until to support line, thereby breaking $1660 and $1575 levels.
And a not long time ago ETH bounced higher of $1575 level, where continues to trades near to this day.
Possibly Ethereum can decline below support level and then bounce up to $1620, exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to grow inside rising channel, where it reached $1660 resistance level, which coincides with resistance zone.
Then ETH made strong downward impulse to support area, thereby exiting from channel and breaking $1575 level.
After this, price entered to triangle, in which ETH made a strong upward impulse to resistance line.
But soon, price started to decline and in a short time it fell until to support line, thereby breaking $1660 and $1575 levels.
And a not long time ago ETH bounced higher of $1575 level, where continues to trades near to this day.
Possibly Ethereum can decline below support level and then bounce up to $1620, exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️