Ethereum, Moved On To Test This Crucial Remaining Trend-Line!

2021年5月20日

Hi,

Welcome to this analysis about Ethereum, we are looking at the 2-hour timeframe perspectives. Ethereum in the last times has shown up with some serious bearish developments to the downside and now moved into this remaining ascending-trend-line that almost established 4.2 months ago and till now held, the fact that Ethereum initially bounced here gives the conclusions that it is a likely possibility for Ethereum to test the remaining resistance-cluster from where a pullback follows when this pullback then manages to bounce in the dynamic ascending-support Ethereum will have the potentials to establish with further bullishness however when this does not happen it can also lead into a wave-C-extension with Ethereum moving below the ascending-support.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The key to success is to focus on goals, not obstacles."

Information provided is only educational and should not be used to take action in the market.

2021年5月20日

註釋

Ascending-Trend-Line-Origins On The Daily-Chart: