Linda! ETHUSD-> Confident Ethereum Gives Hope in Faith: ETHUSDT by RLinda – Technische Analyze – 2022-12-10 14:51:28

. ETH is on the rise and strength could target

.

Retest of resistance. What’s Next? class=”js-image-lazy-load”/>

The price is getting support from the MA-200 and MA-50. The blue level 1250 is a strong support On the daily chart, the bulls are actively defending this level. The pair is showing positive signs and might face an upward breakout against the resistance at $1310. Ethereum The price remains stable

upward trend price channel It is forming on the chart and we see that the price is recovering in an uptrend, as a triangle is forming, which is a pattern of continuous movement. The price is gradually approaching a strong resistance (since November 2021).

Assuming the price finally consolidates above 1250, there is every possibility of a triangle resistance rally followed by a breakdown. In this case, the price may test the global resistance on the lower side (black line). When testing the black line, the price will enter the risk area, where it can cause a sharp increase the sound .

But assuming that the price breached the 1250 support and the pattern support, Ethereum You may fall back in support Uptrend channel .

Regards, R. Linda!

Leave a Reply

Your email address will not be published. Required fields are marked *