ETHUSDT has been trading within a big range on the daily chart, oscillating between 2800 and 4000. The market has recently dipped to the lower boundary of the range and it is heading towards the channel's border. A box has formed on the left side, and I believe the market may break below this box to absorb liquidity and potentially stage a rally towards the top of the range zone. I'm expecting a test of the trendline and channel followed by a bullish move if the price makes fake breakout. My goal is a resistance zone around 3365.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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