ETHUSDT | Analysis of the graph from the technical side.
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Ethereum looks not sure yet to continue rising above $1310 What's next?
Let's take a look at the place:
Previously, I allocated a range of $1300-1350 to take a short position, but now I think that everything can happen earlier, without a rebound above $1300
On the chart, I highlighted a formation similar to a triangle with a flat top, this pattern works downwards in most cases, which can be seen here as well. The asset came to the $1300 zone several times and we saw bounce after bounce.
I do not rule out that ETH will be able to test the $1300 resistance level again and then fall down, try to work with limit orders.
Ethereum looks not sure yet to continue rising above $1310 What's next?
Let's take a look at the place:
Previously, I allocated a range of $1300-1350 to take a short position, but now I think that everything can happen earlier, without a rebound above $1300
On the chart, I highlighted a formation similar to a triangle with a flat top, this pattern works downwards in most cases, which can be seen here as well. The asset came to the $1300 zone several times and we saw bounce after bounce.
I do not rule out that ETH will be able to test the $1300 resistance level again and then fall down, try to work with limit orders.
