WalterMoon

ETHEREUM - Price can continue to move up inside rising channel

Panjang
BINANCE:ETHUSDT   Ethereum / TetherUS
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊

Some time ago price declined to resistance level, which coincided with resistance area and broke it.

ETH declined lower $3240 level, but soon rose higher, making fake breakout and starting to grow in channel.

Inside channel, ETH soon reached resistance line and at once bounced down to $3240 support level, after which bounced up.

Then price in a short time reached $3720 resistance level, but when ETH touched this level, it at once declined.

At the moment, price trades near this level and I think Ethereum can first make small correction.

After this, ETH can bounce up to $3865 resistance line of channel, breaking resistance level.

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