seali33

ETH is moving in a logarithmic channel

Long
seali33 Mis à jour   
BINANCE:ETHUSDT   Ethereum / TetherUS
Looking at ETH in logarithmic scale, we can see that the price is moving in a channel and respecting the Fibonacci levels.
I can also see there is some price compression happening which would indicate a breakout. If BTC doesn't experience any unusual fall, we should see an impulse price movement. I will consider trading ETH if in breaks and shows confirmation of breakout.

Please be cautious about your money and apply correct Risk/Reward strategy that works for you.
If it's your money, it's your responsibility to protect it.
Transaction en cours:
Looks like ETH is trying to break the resistance.
Always remember to wait for confirmation
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.