LegionQ8

Ethereum can continue to decline to support line of wedge

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price a few moments ago entered to upward wedge, where at once rebounded from the support line and made a strong upward impulse to the resistance level, thereby breaking the 3060 support level, which coincided with the buyer zone. In a short time later, ETH broke the 3670 level, which coincided with the seller zone, and soon reached the resistance line of the wedge. After this movement, the price turned around and at once fell to the seller zone, and soon broke the resistance level one more time. Next, ETH made a retest and then continued to decline to support line of the wedge, after which it turned around and made an impulse up to the 3670 resistance level. But recently, the price rolled down and now it continues to decline close to the resistance line of the wedge. In my opinion, Ethereum can grow to the resistance line and then rebound down to the support line of the wedge. So, that's why I set my target at the 3225 level. Please share this idea with your friends and click Boost 🚀

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