Ethereum's future price and importance of these few levels!steemCreated with Sketch.

in ethereum •  2 years ago 

this is Daily chart of Ethereum:

ETHUSD_2022-06-23_12-20-29.png

from the left: price dropped sharply,
a correction happened in an uptrend channel,
a downward divergence happened between 27th May and 4th June,
a descending triangle formed,
a 4 hour support broke,
a new support level formed in 1 hour chart! but this support is way more important than all above sup/resistances.

so as for now, I trade any touch to this support level, with a tight stop loss below the zone, and profit target the above resistance level.
and I short ETH on that touch with another tight stop loss above the zone.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Your post was upvoted and resteemed on @crypto.defrag