RLinda ! ETHUSDT-> Bull signal. What to do?
ETHEREUM is also under pressure from the entire cryptocurrency market and updated the minimum for the last 3 months, the price reached $1,073, but remarkably, the price has not updated the global minimum of 881.56.
We see the formation of a false breakdown of the range support and the return of the price to the long zone. The price is in the channel again, and there is a potential for movement towards 1703, but time will tell if this target is achievable.
The global chart shows us that price is in a range between resistance 1440, which was formed back in 2018 and the support trend line, which started its formation in 2020. The price also has resistance in the form of weekly moving averages, it is difficult to talk about any bullish trend at a time when the crypto market continues to look for the bottom
On the 30-minute chart, we see the formation of the descending wedge and the price's way up after breaking resistance. The price is pulling back to the 1242 level, which could push the price up. ETH is in the long zone and I am interested in targets such as 1350 and 1408 resistance
Regards to R. Linda!
We see the formation of a false breakdown of the range support and the return of the price to the long zone. The price is in the channel again, and there is a potential for movement towards 1703, but time will tell if this target is achievable.
The global chart shows us that price is in a range between resistance 1440, which was formed back in 2018 and the support trend line, which started its formation in 2020. The price also has resistance in the form of weekly moving averages, it is difficult to talk about any bullish trend at a time when the crypto market continues to look for the bottom
On the 30-minute chart, we see the formation of the descending wedge and the price's way up after breaking resistance. The price is pulling back to the 1242 level, which could push the price up. ETH is in the long zone and I am interested in targets such as 1350 and 1408 resistance
Regards to R. Linda!
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