ETH: MUST BOUNCE FROM HERE!!
Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH update.
The whole market dropped badly because of all the monopolies of some big players. Well as a trader we need to be more focused on the chart and find out the best levels which can give us some nice entries.
Now let's get to the chart.
ETH is trading inside a channel in 8hr time frame and currently holding above the lower trendline. As long as it holds this channel we can expect a bounce.
Invalidation:- Break and close below the lower trendline of the channel ($1260)
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this ETH update.
The whole market dropped badly because of all the monopolies of some big players. Well as a trader we need to be more focused on the chart and find out the best levels which can give us some nice entries.
Now let's get to the chart.
ETH is trading inside a channel in 8hr time frame and currently holding above the lower trendline. As long as it holds this channel we can expect a bounce.
Invalidation:- Break and close below the lower trendline of the channel ($1260)
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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