RLinda ! ETHUSDT-> ethereum continues to consolidate
ETH continues to consolidate within the local uptrend. This accumulation is clearly aimed at a retest of the resistance area of the descending channel.
The local support trendline indicates that the price is in the long zone. The triangle, the upper boundary of which coincides with the channel resistance, indicates consolidation.
Earlier on the daily chart, price bullishly tested the 50-day moving average. Bulls continue to test the resistance for a breakout
In the medium term, I expect a breakout of the resistance of the descending price channel in the area of 1650-1675 and an upward movement of the price to the resistance zone of 2020.
Regards R. Linda!
The local support trendline indicates that the price is in the long zone. The triangle, the upper boundary of which coincides with the channel resistance, indicates consolidation.
Earlier on the daily chart, price bullishly tested the 50-day moving average. Bulls continue to test the resistance for a breakout
In the medium term, I expect a breakout of the resistance of the descending price channel in the area of 1650-1675 and an upward movement of the price to the resistance zone of 2020.
Regards R. Linda!
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