Hello Guys,
Here is an up-trend channel for Ethereum in relation to Bitcoin. As you can see, Ethereum is being pushed down to test the lower support of the channel. It's possible that the support would be broken momentarily, to flush out the bears - however anything can happen considering the whales therefore if you will trade this chart, set your shorts accordingly.
I am not a TA expert and I'm doing this for educational purposes.
-Hawk
Here is an up-trend channel for Ethereum in relation to Bitcoin. As you can see, Ethereum is being pushed down to test the lower support of the channel. It's possible that the support would be broken momentarily, to flush out the bears - however anything can happen considering the whales therefore if you will trade this chart, set your shorts accordingly.
I am not a TA expert and I'm doing this for educational purposes.
-Hawk