ETHUSD,After 3 times testing resistance at 163 dollars, it is unable to break the resistance and now its look like
ascending triangle. Which is a bullish pattern, if it succesfully breaks then we see the price of eth at 200 dollars.
Wait for breakout of 163 dollar resistance.
146 is a strong support.
Also the eth looks like a price channel and price is now at the support.
Legal Stuff:
There is a considerable amount of risk in trading cryptocurrencies due to their inherent volatility and sensitivity to headlines.
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
ascending triangle. Which is a bullish pattern, if it succesfully breaks then we see the price of eth at 200 dollars.
Wait for breakout of 163 dollar resistance.
146 is a strong support.
Also the eth looks like a price channel and price is now at the support.
Legal Stuff:
There is a considerable amount of risk in trading cryptocurrencies due to their inherent volatility and sensitivity to headlines.
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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