ETH/USDT (Retested Support 2x?)

💎Technical Analysis Summary💎



BINANCE: ETHUSDT

-ETH tested the gold Fib zone twice and currently still holding
-It is also a confluence of 50ma on the 12H period
-Looking at the technical pattern, it is painting a potential bullish channel
-The confirmation is the breakout above the trendline resistance
-This will signal an upside short-term movement
-If your technical analysis is strong and you are looking for position entries
-Once you saw strength in the market, this would be your potential entry zone
-With a tight stop loss below the candle wicks
-But if you want to be more conservative waiting for the breakout direction is perfect
-It all depends on your trading plan how you will play this given market situation

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