ETHEREUM - Short-Term Analysis (Channel)

The price of Ethereum (ETH) was moving in an ascending channel, which broke during a drop in the whole market.
Usually we use the trend lines of the channel to swing-trade from the bottom (Support) to the top (Resistance), as shown in my previous ETH ideas.
In combination with certain indicators, zones and further trend lines, this is a very easy way to stay profitable.

The recent swing highs and swing lows might form another descending channel.
As mentioned earlier this day in my Discord Channel, we will open a position (short) as follows:

Entry: 189.00 or above
Target I: 183.00
Target II: 179.00
Leverage: 10x

I will keep you updated!
If you have any questions in this matter, fell free to join our free Discord Channel.

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What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
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Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only

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