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kazimusman

ETHUSDT interesting observation

Ethereum / TetherUS PERPETUAL CONTRACT (BINANCE:ETHUSDT.P)  
kazimusman  
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Just come across with interesting observation in ETH chart. ETH is respecting this golden trend line since December 2020. This trend line was acting as a support before MAY 19 dump and now giving extreme resistance. Price already rejected 3 times now but we are seeing HH and HL, so I am positive that this resistance will convert into support very soon. Keep an eye on it and plan your trading setups accordingly.

Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and Happy trading!
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