➡️ Ethereum is trading at $4123. Cryptocurrency quotes are traded, so far, mostly in a bullish mood. Moving in a downtrend channel in the trade balance, the price "hints" at a possible correction for the instrument.
It is expected that the ETHUSD price would maintain its presence in the specified trade balance and will tend to its lower border. An excellent entry point to a short position is the resistance line of the descending channel, just in the same area (~ $4251.53 level) the price would push off from the broken down support line.
🔔Proposed deal for this tool🔔:
🔴Entry Point - 4251.53
⛔️Stop Loss - 4366.56
✅Take Profit - 3915.83
Thanks for your comments and likes 👍
It is expected that the ETHUSD price would maintain its presence in the specified trade balance and will tend to its lower border. An excellent entry point to a short position is the resistance line of the descending channel, just in the same area (~ $4251.53 level) the price would push off from the broken down support line.
🔔Proposed deal for this tool🔔:
🔴Entry Point - 4251.53
⛔️Stop Loss - 4366.56
✅Take Profit - 3915.83
Thanks for your comments and likes 👍
