ETH Price Prediction 2022
An ascending channel is defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.
Price does not always remain entirely formed within the parallel lines of an ascending channel, but instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.
Currently, Cardano(ADA) is in the range of $ 1874 If the pattern continues, the price of ADA might reach the resistance levels of $2004. If the trend reverses, then the price of ADA may fall to $1814
Happy Trading $$$
An ascending channel is defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.
Price does not always remain entirely formed within the parallel lines of an ascending channel, but instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.
Currently, Cardano(ADA) is in the range of $ 1874 If the pattern continues, the price of ADA might reach the resistance levels of $2004. If the trend reverses, then the price of ADA may fall to $1814
Happy Trading $$$
Comment:
Type Mistake Instead ETH we have mentioned ADA , Please ignore
