FirstNameHelen

HelenP. I Ethereum can correct to $2370 level, after impulse up

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Hi folks today I'm prepared for you Ethereum analytics. A not long time ago price rebounded from the trend line and made a strong impulse down to the support zone, thereby breaking the 2525 resistance level with the 2240 support level. After this, the price declined a little more, and then turned around and started to trades near the support level. Later ETH broke this level, some time traded close, and soon rose to the trend line, but in a short time later it rebounded and fell back to the 2240 level. As well, the price formed a triangle, where it rebounded from the support level and started to move up to the trend line. Soon, ETH exited from the triangle, thereby breaking the trend line too, made a retest, and continued to move up to resistance level. Price tried to break it, but failed and now trades below. For my mind, Ethereum will make a correction, after a strong rising movement. That's why I set my target at the 2370 level. If you like my analytics you may support me with your like/comment ❤️

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