ETH is moving in a logarithmic channel
Updated
Looking at ETH in logarithmic scale, we can see that the price is moving in a channel and respecting the Fibonacci levels.
I can also see there is some price compression happening which would indicate a breakout. If BTC doesn't experience any unusual fall, we should see an impulse price movement. I will consider trading ETH if in breaks and shows confirmation of breakout.
Please be cautious about your money and apply correct Risk/Reward strategy that works for you.
If it's your money, it's your responsibility to protect it.
I can also see there is some price compression happening which would indicate a breakout. If BTC doesn't experience any unusual fall, we should see an impulse price movement. I will consider trading ETH if in breaks and shows confirmation of breakout.
Please be cautious about your money and apply correct Risk/Reward strategy that works for you.
If it's your money, it's your responsibility to protect it.
Trade active
Looks like ETH is trying to break the resistance.Always remember to wait for confirmation
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