ETHUSD pair shows the stable uptrend move won't allow the price range to fetch the changes outside the lower bound. At this stage, the Probability for the Instant highs is not possible. So I guess the price will slide between borders until the good or bad news.Support:
~ Trend Line
~ EMA 20 & 50 Lines
~ Support LVL $230
Resistance ~$420 - $440
Enter ~ $230 - $250
TP ~ around the resistance level or higher.
As well, I see
BNB as the main competitor of ETH, why? Increasingly, the projects use IOE instead of ICO. And this trend is gaining momentum...
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable Trade-Ideas.
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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.