ETH broke through the channel of accumulation.

Updated

ETH broke through the channel of accumulation. In most cases, the price goes down to the width of the old channel. But it is possible to stop on the trend line of the descending channel (yellow line). The situation is more likely to observe, but not to enter.

Note

Everything is going as it should be. The price goes down further. Potential width of the former channel

Trade closed: target reached

Trade active

Note

Failed to break through the upper boundary of the existing horizontal channel and the downtrend global trend. Price moves to the bottom of the horizontal channel.

Trade closed: target reached

+54% +21% +26% +82%

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