LegionQ8

Ethereum can reach top part of range and then start to fall

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BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price some days ago declined to the support level, which coincided with the buyer zone and mirror line, after which ETH at once rebounded and started to rise. In a short time price rose to 2445 points, thereby breaking the resistance level, but soon it around down and fell to the mirror line. Soon, ETH broke the mirror line and some time traded below this line. After this, Ethereum rose to this line, breaking the 2360 level again, and even later ETH made a fake breakout of the mirror line, after which the price made a downward impulse to the buyer zone, breaking the resistance level one more time. Next, the price entered to range, where it quickly rose to the top part, after which the price rebounded and declined to the 2200 support level. Also, ETH made a fake breakout of this level, after which it in a short time back up, and now Ethereum continues to trades in range. So, possibly price can reach the top part of the range and then start to decline to the support level. For this case, I set my target at 2200 support level. Please share this idea with your friends and click Boost 🚀

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