After strong impulse up, Ethereum can start to decline to 2660

16 февр.

Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price started to trades in the range, where it some time fell to the buyer zone, but last time it turned around and made an upward impulse to the 2660 level, which coincided with the support area, thereby exiting from range. After this movement, the price entered to triangle, where it rebounded from the resistance line and made a strong correction movement to the buyer zone, which coincided with the 2270 level. But soon, the price turned around, started to rise and in a short time rose to the resistance line of the triangle. Then ETH broke this line, exiting from the triangle pattern, and rose to the 2660 level and soon broke it. Also recently, the price rose higher than the support area, and possibly ETH can grow to 2885 points, after which it turn around and starts to decline to the current support level. So, that's why I set my take profit at the 2660 level. Please share this idea with your friends and click Boost 🚀