ETHEREUM/USDT/BINANCE/15M

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In this time frame, as we said in the previous analysis, the range of $1650 has created a strong resistance and the price is moving in the orbit of an upward trend line. But the slope of this trend line is high and there is a possibility of failure by the price chart. With the rejection of the price in the range of $1650, it is possible to form a Double top
pattern There is. So we will expect the price to fall to the support range of $1497.
Our bullish scenario will be activated when the volume of sales increases and Ethereum can cross the resistance range of $1650. In this case, we will see the price rise to the range of $1707

Support range: 1574-1529-1497

Resistance range: 1650-1707

Penafian

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