ETH/USD: bearish channel
Updated
Ethereum still into this bearish channel from July 2022 that I identify now in Daily timeframe, but now, we see another thing as we see like a pull back that we can to get a long opportunity in Ethereum price, but based in price action, it's speak us a possible bullish continuation until $1,430 USD. And also, we're into this range, what the price doesn't break down any lower low, and the price it's into this ascending triangle in formation, what we can to get this opportunity to long.
Also, I will share the Bitcoin Daily analsyis that I don't see, as another thing it's that Bitcoin invalided all these resistance level and hit $18,500 USD approx. to make a pull back in this descending triangle, what this may be a bullish signal, but the difference here it's that Ethereum give us a early signal than Bitcoin what do, and this could be a long opportunity in Bitcoin price, but Bitcoin doesn't develop any bullish signal for now, what I share my opinion in my previous analysis below.
But I will put a long position in Ethereum price in buy order place in $1,198 USD, Stop Loss in $1,135 USD and take profit to $1,420 USD by Daily perspective. But in H4 and H8 there's not any signal for both sentiment, but in Daily timeframe it's just speak me a change of trend that we can to get an opportunity there.
Good luck!!!
Also, I will share the Bitcoin Daily analsyis that I don't see, as another thing it's that Bitcoin invalided all these resistance level and hit $18,500 USD approx. to make a pull back in this descending triangle, what this may be a bullish signal, but the difference here it's that Ethereum give us a early signal than Bitcoin what do, and this could be a long opportunity in Bitcoin price, but Bitcoin doesn't develop any bullish signal for now, what I share my opinion in my previous analysis below.
But I will put a long position in Ethereum price in buy order place in $1,198 USD, Stop Loss in $1,135 USD and take profit to $1,420 USD by Daily perspective. But in H4 and H8 there's not any signal for both sentiment, but in Daily timeframe it's just speak me a change of trend that we can to get an opportunity there.
Good luck!!!
Note
There's not any bullish or bearish signal, but my prespective keep in the position.
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