Hello, traders welcome you all to this exclusive ETH 4hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As ETH is trading inside a rising parallel channel for the last 46days it got rejected from upper trend line resistance and continuously dropped downside after breakdown to the green support level of $1660.
In the current scenario, ETH heading towards the lower mid-trend line support which ETH needs to hold to regain upright, candle close below trend line support will lead ETH to drop to a lower green support level of $1450.
If it breaks down the lower trend line support then it can move down to the lower support zone.
Let’s see how the price reacts in the upcoming hours.
Here we need a trend reversal to go long until then stay aside and wait for the right time to get in.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As ETH is trading inside a rising parallel channel for the last 46days it got rejected from upper trend line resistance and continuously dropped downside after breakdown to the green support level of $1660.
In the current scenario, ETH heading towards the lower mid-trend line support which ETH needs to hold to regain upright, candle close below trend line support will lead ETH to drop to a lower green support level of $1450.
If it breaks down the lower trend line support then it can move down to the lower support zone.
Let’s see how the price reacts in the upcoming hours.
Here we need a trend reversal to go long until then stay aside and wait for the right time to get in.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
