ETHEREUM - Price can break resistance level and continue to grow
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price traded in flat, where it declined below $2285 support level, which coincided with support area, but soon backed up.
Then ETH made strong upward impulse to $2715 points, thereby exiting from flat and starting trades in pennant.
In pennant, price at once bounced down from resistance line to support line, making fake breakout of $2540 level.
Later ETH bounced from support line and soon rose to resistance line again, and recently broke this line.
Thereby price exited of pennant and now price trades very close to resistance level and I think ETH can reach it.
After this, possible that Ethereum can break this level, make retest, and continue rise to $2680 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price traded in flat, where it declined below $2285 support level, which coincided with support area, but soon backed up.
Then ETH made strong upward impulse to $2715 points, thereby exiting from flat and starting trades in pennant.
In pennant, price at once bounced down from resistance line to support line, making fake breakout of $2540 level.
Later ETH bounced from support line and soon rose to resistance line again, and recently broke this line.
Thereby price exited of pennant and now price trades very close to resistance level and I think ETH can reach it.
After this, possible that Ethereum can break this level, make retest, and continue rise to $2680 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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