Hello, traders welcome to another ETH/USDT 30MIN chart update.
As we can observe from the above-mentioned chart that ETH performed extremely well and recovered.
In this 30m min chart, ETH is trading on a mid-trend line of a parallel channel.
Here ETH needs to hold this dotted mid-trend line to gain some more % and trade above.
Here ETH also getting the support of blue MA.
Candle close below the mid trend line will lead ETH again towards the price level of $1800.
As BTC also recovering here, I am expecting a break above this channel pattern to get into a bullish mode.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can observe from the above-mentioned chart that ETH performed extremely well and recovered.
In this 30m min chart, ETH is trading on a mid-trend line of a parallel channel.
Here ETH needs to hold this dotted mid-trend line to gain some more % and trade above.
Here ETH also getting the support of blue MA.
Candle close below the mid trend line will lead ETH again towards the price level of $1800.
As BTC also recovering here, I am expecting a break above this channel pattern to get into a bullish mode.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
