Ethereum's future price and importance of these few levels!

By Emad | honarparvar | 23 Jun 2022


this is Daily chart of Ethereum:

eec12ac89cb7c5e160ac67684230cb4ebcc06277f3c07c0df325369910742a68.png

from the left: price dropped sharply,
a correction happened in an uptrend channel,
a downward divergence happened between 27th May and 4th June,
a descending triangle formed,
a 4 hour support broke,
a new support level formed in 1 hour chart! but this support is way more important than all above sup/resistances.

so as for now, I trade any touch to this support level, with a tight stop loss below the zone, and profit target the above resistance level.
and I short ETH on that touch with another tight stop loss above the zone.

How do you rate this article?


6

0

Emad
Emad

youtuber, business developer and Crypto enthusiast


honarparvar
honarparvar

Writing is my addiction!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.