Long🟢 Broken Falling Channel, Zone Support, Deflation
Deep Neural AI recognized Falling Channel.
Falling Channel is a bullish pattern.
See the parallel trendlines on the chart!
Now, our fuzzy botnet thinks breakout.
Its Target Price is in the white box.
Our News Monitor reported:
ERC20 network burned a significant amount of Ethereum.
ETH became a deflationary asset.
Monitor also observed the whales.
Inflation-Hedge is their main reason.
So, we think ETH will try a moonshot.
Extreme volumes add to this idea.
RSI has risen to the bullish side.
What about the bearish scenario?
Linear Regression module suggests:
The cyan zone provides support.
🚀 So, we think you can long Ethereum.
Keep your liquidation level below the cyan zone.
Falling Channel is a bullish pattern.
See the parallel trendlines on the chart!
Now, our fuzzy botnet thinks breakout.
Its Target Price is in the white box.
Our News Monitor reported:
ERC20 network burned a significant amount of Ethereum.
ETH became a deflationary asset.
Monitor also observed the whales.
Inflation-Hedge is their main reason.
So, we think ETH will try a moonshot.
Extreme volumes add to this idea.
RSI has risen to the bullish side.
What about the bearish scenario?
Linear Regression module suggests:
The cyan zone provides support.
🚀 So, we think you can long Ethereum.
Keep your liquidation level below the cyan zone.
