Ethereum / TetherUS - 1D - BINANCE
- The price bounced from 620$ resistance in the 3rd time, and we should be ready to get a double top . It is a reversal chart pattern. RSI gives a bearish signal. The same goes for MACD histogram.
- I think the next market movement will be downward toward 500$ support. If the price can stay above this support, we will get a sideways movement between 500$ and 620$ or a new upward movement with the breakout above 620$ resistance. If so, we will have good buying opportunities at 500$ support.
Thank you DLavrov
#5December
#Analysis
#ETH
- The price bounced from 620$ resistance in the 3rd time, and we should be ready to get a double top . It is a reversal chart pattern. RSI gives a bearish signal. The same goes for MACD histogram.
- I think the next market movement will be downward toward 500$ support. If the price can stay above this support, we will get a sideways movement between 500$ and 620$ or a new upward movement with the breakout above 620$ resistance. If so, we will have good buying opportunities at 500$ support.
Thank you DLavrov
#5December
#Analysis
#ETH