hello traders ,
Welcome to my price forecast Ethereum/usd.
Ethereum is moving inside upward channel.
there are basically three types of channel directions,
one is upward slopping channel which 80 - 90 % of the time break downside
second is downward slopping channel which 80 - 90 % of the times break upside .
third one is side ways which means market unable to decide the direction and
we can trade inside channel with the help of price action.
now what is price action ?
price action is vast topic but it include candlesticks, support resistance, moving average etc
so here we see in Ethereum price is in upward channel and hopefully it will break downside .
our target is at support level for now .
and we also see bearish divergence which confirms its upcoming fall.
safe entry is after blue line break.
Thanks for watching my idea , have a green day ..
Welcome to my price forecast Ethereum/usd.
Ethereum is moving inside upward channel.
there are basically three types of channel directions,
one is upward slopping channel which 80 - 90 % of the time break downside
second is downward slopping channel which 80 - 90 % of the times break upside .
third one is side ways which means market unable to decide the direction and
we can trade inside channel with the help of price action.
now what is price action ?
price action is vast topic but it include candlesticks, support resistance, moving average etc
so here we see in Ethereum price is in upward channel and hopefully it will break downside .
our target is at support level for now .
and we also see bearish divergence which confirms its upcoming fall.
safe entry is after blue line break.
Thanks for watching my idea , have a green day ..
