WalterMoon

ETHEREUM - Price can bounce up from support area to $1620

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

Recently price started to grow inside rising channel, where it reached $1660 resistance level, which coincides with resistance zone.

Then ETH made strong downward impulse to support area, thereby exiting from channel and breaking $1575 level.

After this, price entered to triangle, in which ETH made a strong upward impulse to resistance line.

But soon, price started to decline and in a short time it fell until to support line, thereby breaking $1660 and $1575 levels.

And a not long time ago ETH bounced higher of $1575 level, where continues to trades near to this day.

Possibly Ethereum can decline below support level and then bounce up to $1620, exiting from triangle.

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