ETHUSD maintaining movement within the ascending parallel channel. Already stopped out in profit and waiting for re-entry? Wait for pullback near the bottom line of the ascending parallel channel. Current next target is $241 the 50% fib retracement level. Healthy pullbacks expected with price movements maintaining within this ascending parallel channel.
The lines across are the fib levels and recent + old supports created through price movements. Possible resistances and supports can also be based on the indicated moving averages.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.