Technical Analysis Update, Ethereum Price Prediction Today 15 May 2023

Hello Everybody Welcome to my blog Today I am doing a Technical Analysis of ETH

That if the price of the Ethereum so we were somewhere here yesterday 14th of may as soon as we will come to test this yellow resistance we could see rejection go down or if we will break it we will confirm the break and we should come to this level there's this wide trend line which used to be for a long time our support and this support was already from the 13th of the March

So it's not a small range and what has happened from yesterday so let's go to look at the candles inside of this chart guys so did we have a rejection from that yellow resistance from the seventh of May or S7 of may now we went through so let's erase this one so this another noise or possibility had happened yesterday so thank you it was today in the midnight or the really midnight so we saw the break and the next candle this green one look we came down to test this break as support and when we went up so the local top here this candle the red one which was at 8 00 am UTC

Time these are for our candles and this candle is gonna be close in 2 hours and 40 minutes so we came to a level which is showing a super guppy at the 1835 and we were rejected but we have confirmation this yellow line is our support I expect as soon as we will hold this white trend line and this trend line is without the noise when I switch to a Japanese candle to line chart we have the price without Wicks without noise so therefore I made this connection between these two points addon handles it looks like this you see so the trend line is going through the body of the candles not weeks

We have to hold this white trend line if we are going to hold this as a support really we could come this level it is the resistance so this is our next Target or coming hours or days first we have to go about the guppy the red one so hopefully we will see the movement up we are bullish because in this small time frame we are making higher highs and lower highs these are our higher highs and this year are our lower eyes so we made higher high and as I said 1835 so we could see some pullback probably to this trend line and then to create time to create or another higher high so the movement would be like this so I'm bullish right now on a small time frame or the coming days

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