ETHEREUM - Price can exit of triangle pattern and then bounce up

2024年1月6日

Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊

Some time ago price made upward impulse from support line of pennant to resistance line, breaking $2200 and $2365 levels.

After this ETH at once bounced from resistance line and declined to support line, breaking one more time $2365 level.

Later, price made impulse from this line higher than $2365 level, where soon it entered to triangle and then fell below.

Ethereum declined even below support level, which coincided with support area, but recently it bounced from support line back.

Now, ETH continues to trades in triangle near support line and I think price can exit from this pattern.

Then Ethereum can decline a little more and later bounce up to $2310 level.

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2024年1月7日

註釋

Ethereum finally exited from the triangle pattern, now I think it will little correction and then bounce up to my target - $2310