Update For ETH/USD(DAILY) Analysis ๐๐
WHATSUP GUYS!?
according to my previous analysis that I posted for Ethereum, ETHUSD had a retracement and corrected upon the lower support zone again. And
as I said, it was struggling with descending trendlines . Which in the last week wasn't able to maintain that level and then fall down , but today it reached a support zone . so now if bulls support the price and RSI have crossover by MA (14sma of rsi ) it can attack the descending trendline again and then it can even breakout that line and so on , but If it loses this current pivot zone, in a this case can fall on the lower support zone !
so in this scenario there is a possibility of decline and It seems that ETH Want to fluctuate in this supposed symmetrical triangle then can eventually start a new movement whether upward or downward by breaking out this pattern
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
according to my previous analysis that I posted for Ethereum, ETHUSD had a retracement and corrected upon the lower support zone again. And
as I said, it was struggling with descending trendlines . Which in the last week wasn't able to maintain that level and then fall down , but today it reached a support zone . so now if bulls support the price and RSI have crossover by MA (14sma of rsi ) it can attack the descending trendline again and then it can even breakout that line and so on , but If it loses this current pivot zone, in a this case can fall on the lower support zone !
so in this scenario there is a possibility of decline and It seems that ETH Want to fluctuate in this supposed symmetrical triangle then can eventually start a new movement whether upward or downward by breaking out this pattern
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
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