Ethereum moving within channel on hourly chart
Updated
Ciao Traders,
As in the chart we can see Ethereum is moving within the marked channel, if we break south the next support is 215USD level as 200SMA hourly, in case of strong break the next support will be 175USD level as 50SMA daily, breaking on the upside will lead us to the recent highs.
Wait for action next to the bounderies of this channel.
As in the chart we can see Ethereum is moving within the marked channel, if we break south the next support is 215USD level as 200SMA hourly, in case of strong break the next support will be 175USD level as 50SMA daily, breaking on the upside will lead us to the recent highs.
Wait for action next to the bounderies of this channel.
Trade active
Bounced off low trendlineTrade active
Touching resistanceTrade active
Moving upTrade active
Bouncing from support againTrade closed: target reached
Broke channel to the upside New channel must be defined as per price action
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