Hello to all traders. 😎😎
I hope all your deals will hit their targets. 🎉🎉
Ethereum is moving in an ascending channel with a gentle slope on the daily time frame. When we look at this channel in the weekly time frame, it is forming a flag for a bar in a bearish flag pattern🏁🏁🏁, and this is a sign of further price decline. So I have to keep in mind that Ethereum is showing signs of falling in the larger time frame.
At the moment and in the 4-hour time frame of the gray range ($2300 to $2400), it is important that if it is broken upwards, we will move in the blue direction and the price can go up to the $2500 range and from there a deep correction. to do But if it cannot break the gray range, it will move from the black path and fall to the range of $2000 to $2100, which is a strong support.
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Best Regards , Ali Jamali
I hope all your deals will hit their targets. 🎉🎉
Ethereum is moving in an ascending channel with a gentle slope on the daily time frame. When we look at this channel in the weekly time frame, it is forming a flag for a bar in a bearish flag pattern🏁🏁🏁, and this is a sign of further price decline. So I have to keep in mind that Ethereum is showing signs of falling in the larger time frame.
At the moment and in the 4-hour time frame of the gray range ($2300 to $2400), it is important that if it is broken upwards, we will move in the blue direction and the price can go up to the $2500 range and from there a deep correction. to do But if it cannot break the gray range, it will move from the black path and fall to the range of $2000 to $2100, which is a strong support.
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Best Regards , Ali Jamali
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Can Ethereum break the gray area??
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