#ETH
The price is moving in a bearish channel on the 12-hour frame and is sticking to it well
There has been a good bounce from the lower channel limit. Some minor correction is expected before completing the rise
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 3100
The first target is 3400
Second target 3670
Third goal 3990
The price is moving in a bearish channel on the 12-hour frame and is sticking to it well
There has been a good bounce from the lower channel limit. Some minor correction is expected before completing the rise
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 3100
The first target is 3400
Second target 3670
Third goal 3990
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