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ETHUSD ❕ lower boundary of downtrend
Ethereum is moving in a downward channel and is now nearing its lower boundary.
Trading volumes have declined as the correction.
The price is in a liquidity zone above a strong support level.
Main MAs are bullish (4H TF)
BB indicator - oversold (1H TF)
TD Sequential is forming an upside reversal signal (30m TF)
I expect that ETH will test the lower limit of the channel, and after fixing above it will start the rebound.
Trading volumes have declined as the correction.
The price is in a liquidity zone above a strong support level.
Main MAs are bullish (4H TF)
BB indicator - oversold (1H TF)
TD Sequential is forming an upside reversal signal (30m TF)
I expect that ETH will test the lower limit of the channel, and after fixing above it will start the rebound.
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