In this time frame, as we said in the previous analysis, the range of $1650 has created a strong resistance and the price is moving in the orbit of an upward trend line. But the slope of this trend line is high and there is a possibility of failure by the price chart. With the rejection of the price in the range of $1650, it is possible to form a Double top
pattern There is. So we will expect the price to fall to the support range of $1497.
Our bullish scenario will be activated when the volume of sales increases and Ethereum can cross the resistance range of $1650. In this case, we will see the price rise to the range of $1707
Support range: 1574-1529-1497
Resistance range: 1650-1707
pattern There is. So we will expect the price to fall to the support range of $1497.
Our bullish scenario will be activated when the volume of sales increases and Ethereum can cross the resistance range of $1650. In this case, we will see the price rise to the range of $1707
Support range: 1574-1529-1497
Resistance range: 1650-1707
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.
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.