RLinda

ETHUSDT ! False breakout of the range on the downtrend 😈

āļĨāļ”āļĨāļ‡
BINANCE:ETHUSDT   Ethereum / TetherUS
Ethereum is in a range. The limit zone 1264 does not allow the price to go higher. The big player continues to accumulate energy in the consolidation between 1264 and 1050.

On the chart, we see a clear price movement in a side flat, the resistance zone was tested and at the moment the price is consolidating under the level in the short zone.

The global trend is down and coincides with the trend of Bitcoin. There are practically no positive aspects of cryptocurrencies

I suppose that after fixing the price in the short zone, we will see a price decrease within this range. Medium-term target is 1050 support.

Sincerely, R. Linda!

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