When might ETH reach the $5,000 mark 🙄❓
Updated
ETH is moving in an upward channel. The lower boundary acts as strong support and the upper boundary as resistance.
Locally the price is moving towards the middle of the channel, if this level fails, the next target will be the lower boundary of the channel. If support fails, the next levels where price could move are the liquidity levels on the chart below.
Globally, the market is still in a bull market. And so far, every serious correction can be seen as a good buying opportunity. But at the same time be careful, the market has been rising for a long time without a major correction.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Locally the price is moving towards the middle of the channel, if this level fails, the next target will be the lower boundary of the channel. If support fails, the next levels where price could move are the liquidity levels on the chart below.
Globally, the market is still in a bull market. And so far, every serious correction can be seen as a good buying opportunity. But at the same time be careful, the market has been rising for a long time without a major correction.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Trade closed: target reached
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