WalterMoon

ETHEREUM - Price can make small correction and then bounce up

Lång
BINANCE:ETHUSDT   Ethereum / TetherUS
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊

When price entered to rising channel, it first declined to support line, breaking $2180 level, which coincided with support area.

ETH bounced from this line and rose back, after which price corrected to $2180 support level.

Then price in a short time rose to resistance level, which coincided with resistance area, but later it bounced and started to fall.

Price fell to support level, exiting from channel, and then ETH started to trades in triangle.

In triangle, price rose to resistance line, but recently it fell to support line of triangle, breaking $2340 level.

Now, I think ETH can bounce from support line to $2400, thereby breaking resistance level and exiting from triangle pattern.

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