Welcome community members in this post I will be going through with ETHEREUM daily chart analysis.
This is my first chart on trading view.
If you find this post helpful hit the like button and follow .
As we can see at the above mentioned chart that ETH/USD was trading inside the symmetrical triangle pattern and broke below at the price level of $2700 and loosed almost 12% till now.
In current scenario ETH also brake down the $2500 support level and moving down side.
Moving averages also showing bearish crossover.
IMO, ETH can move down more 20%-25% in upcoming days and we can see a bounce from $1700-$1800 range.
Candle close above the $2500 support level will be the invalidation of this chart analysis.
NOTE : This is not financial advice. This is for education purpose only. I am not responsible for the profits or loss you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
This is my first chart on trading view.
If you find this post helpful hit the like button and follow .
As we can see at the above mentioned chart that ETH/USD was trading inside the symmetrical triangle pattern and broke below at the price level of $2700 and loosed almost 12% till now.
In current scenario ETH also brake down the $2500 support level and moving down side.
Moving averages also showing bearish crossover.
IMO, ETH can move down more 20%-25% in upcoming days and we can see a bounce from $1700-$1800 range.
Candle close above the $2500 support level will be the invalidation of this chart analysis.
NOTE : This is not financial advice. This is for education purpose only. I am not responsible for the profits or loss you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
