ETH: Should hold this support!!
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Ethereum is in an upward price channel. Together with the support of the channel passes the trend line MA 200, which marks a strong zone for us. Below the channel, strong support from May 2021 is forming.
On the chart, we see a strong intraday downward momentum that could herald a correction. I think it could reach the support zone of the price channel, after which an upward move could continue.
The target for Ethereum could be both the resistance of 2300 and the trend line, which originates from November 2021.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do 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 in this chart, Do not consider it as financial advice.
Ethereum is in an upward price channel. Together with the support of the channel passes the trend line MA 200, which marks a strong zone for us. Below the channel, strong support from May 2021 is forming.
On the chart, we see a strong intraday downward momentum that could herald a correction. I think it could reach the support zone of the price channel, after which an upward move could continue.
The target for Ethereum could be both the resistance of 2300 and the trend line, which originates from November 2021.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
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