Mihai_Iacob

Ethereum could have a new leg down

שורט
Mihai_Iacob מעודכן   
BITSTAMP:ETHUSD   אתריום
ETHUSD has experienced a positive trend since mid-October, with the coin gaining 30% over the past two months.
However, after reaching the significant long-term resistance level in the 2.4k zone, a correction ensued, causing EthUsd to drop to 2150. The coin tested the confluence support provided by the horizontal level and the rising trend line.

A rebound followed, and the current price stands at 2270. The rebound from this support appears corrective in nature, suggesting that a new downward movement may occur. The initial indication of renewed weakness would be a drop below 2230, with confirmation occurring under 2200. In such a scenario, the coin could undergo further correction and test support levels below 2k.





הערה:
Eth is trading just above important horizontal support from 2150.
The ascending trend line is broken, but for a new leg of correction, we need also a break under 2150.
In such an instance the price could drop and test 2k

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.