Ethereum: The Price Reached Resistane Zone - What's Next?
The price reached the resistance zone formed by 360.00$ level and SMA20 and SMA50. This zone doesn't allow the price to continue the upward movement after the reversal from 300.00$ support zone. If the buyers can't push the price above SMAs, probably we will see the price reversal with the further downward movement toward 300.00$ support again. The reversal signals from the support zone will be good for buying.
If the buyers can break SMAs, it will be possible to use the breakout signal for buying as well. We will get a bullish signal in the direction of the main trend.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the buyers can break SMAs, it will be possible to use the breakout signal for buying as well. We will get a bullish signal in the direction of the main trend.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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