2 options for #ETHUSD on the medium term: breakout and retest of upper limit of the rising channel + resistance zone around 500$. Or break down, retest of the lower limit of the channel around 150$ before breakout. My bias is bullish
Note
The compression under resistance lead to a breakout, target : 500$, maybe quite quickly, if it doesn't stop at the 360$ resistance zone and rip off directly. I wouldn't be surprised
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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.