After strong bear market possession, ETH has shown signs of recovery.
As we can see from the chart
ETHUSD is in accumulation zone for more than 3 weeks between 220$ and 250$ price levels. Price rejected to break previous support zone and EMA 50 level, which is a sign of potential upcoming bulls scenario. According to the chart it is possible that price will retest descending trendline in order to squeeze the market then there is a possibility to breakout descending resistance level and to reach previous resistance levels at 280$ - 300$ zone
Enter zone - 220$ - 230$
TP - 280$ - 290$
SL - 3-4 % (Quite big risk)
As we can see from the chart
ETHUSD is in accumulation zone for more than 3 weeks between 220$ and 250$ price levels. Price rejected to break previous support zone and EMA 50 level, which is a sign of potential upcoming bulls scenario. According to the chart it is possible that price will retest descending trendline in order to squeeze the market then there is a possibility to breakout descending resistance level and to reach previous resistance levels at 280$ - 300$ zone Enter zone - 220$ - 230$
TP - 280$ - 290$
SL - 3-4 % (Quite big risk)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.