Critical support for ETHBTC
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ETHBTC dropped out of the yellow channel, broke the lime uptrendline and backtested the white downtrendline where price found strong support from Hulk.💪 After the bounce up price reclaimed the lime uptrendline and even got back inside the yellow channel and also broke the red downtrendline. I think the white confluence area of the trendlines needs to hold as support otherwise breaking down would be bearish in my view.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
ETHBTC dropped out of the yellow channel, broke the lime uptrendline and backtested the white downtrendline where price found strong support from Hulk.💪 After the bounce up price reclaimed the lime uptrendline and even got back inside the yellow channel and also broke the red downtrendline. I think the white confluence area of the trendlines needs to hold as support otherwise breaking down would be bearish in my view.
See the original idea here:
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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