ETH/USDT Fall down from it's high since Jan 2018 component a channel,
channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines five times, the channel was broken up on 18 April ( Ending the bearish trend ).
Now and after rising up ETH meeting a resistance zone Coincidentally near the channel target.
SO we advise to be careful for those are HODL and NO more long positions till it's rebound or breaks the resistance red line
Good luck,,,
Thank you
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Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines five times, the channel was broken up on 18 April ( Ending the bearish trend ).
Now and after rising up ETH meeting a resistance zone Coincidentally near the channel target.
SO we advise to be careful for those are HODL and NO more long positions till it's rebound or breaks the resistance red line
Good luck,,,
Thank you
-----------------------------------------------
Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
Note
As you see We expect ETH decline, NOW we expect Moving average 50 and Fibonacci Ret will stop falling ( for while at least )Keep following to get updates
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Disclaimer
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.