ETH Bulls Ready To Rally? Mid-Long Term Analysis
ETH/USDT has broken out from a medium-range trendline formed in 100 days and has corrected nearly 50% from the top. This breakout might bring in the bulls and enable them to rally further.
Resistances are marked in the red dotted lines. While Supports are marked in Green dotted lines.
For the rally to sustain and bull run to continue the price should be above the given dynamic and static support levels.
Any Significant close below these levels will cause a crash.
Until the supports are not broken by the daily candles, ETH looks bullish and this might be a start of a NEW BULL RUN.
ETH must take out the resistance levels for the rally to continue further.
Let Us Hope For The Best.
So This might be a good opportunity to start investing as RISK-TO-REWARD-RATIO Looks favorable. It is a good idea to keep Stop Loss somewhere below the support levels
Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
Resistances are marked in the red dotted lines. While Supports are marked in Green dotted lines.
For the rally to sustain and bull run to continue the price should be above the given dynamic and static support levels.
Any Significant close below these levels will cause a crash.
Until the supports are not broken by the daily candles, ETH looks bullish and this might be a start of a NEW BULL RUN.
ETH must take out the resistance levels for the rally to continue further.
Let Us Hope For The Best.
So This might be a good opportunity to start investing as RISK-TO-REWARD-RATIO Looks favorable. It is a good idea to keep Stop Loss somewhere below the support levels
Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
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