ETHUSDT.5S trade ideas
ETH is preparing for a huge movementSimilarly to BTC, ETH is probably forming a horizontal triangle, in fact, a huge one whose targets are astronomical, ~$4000 if it breaks to the upside, $1240 if it breaks to the downside. The upper resistance matches another important level, the EMA ribbon, which ETH is right now battling against, therefore, if ETH were to break to the upside, we would technically be bullish again.
Another important thing to notice is the decreasing volume, which is a clear indication that ETH is preparing to make a movement. Either direction, it is important to wait until we have a significant volume that confirms the breakout.
Remember to trade safely and let me know what you think about this idea.
ETHUSDT is a falling phoenix.As we can see, since the beginning of 2021, ETHUSDT has been moving in an upward channel. In early May, the price broke through the ascending channel and rose to the level of $ 4350, and starting from May 12, the price falls. It is possible that the price may go down to the top of the channel and rebound from it, but most likely the price will return to the channel.
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Good luck and big profits.